You can deduct up to $500 for money given to charity.
after deducting taxes, what's left is your net pay for the week
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For big companies, such as tech companies spending hundreds of billions on infrastructure, the ability to deduct research & development spending has meant lower taxable profits.—
Steve Kopack,
NBC news,
4 Sep. 2026 Copeland’s opinion addressed whether Sami could subtract the cost of goods from his business income and deduct alleged business expenses for a variety of items, including TV and video streaming, marketing events and charitable donations.—
Michael McCann,
Sportico.com,
2 Sep. 2026 That’s after excluding wealth from the top 1% of households, subtracting debts and other liabilities, and deducting retirement spending, charitable donations, taxes, and fees.—
Jason Ma,
Fortune,
31 Aug. 2026 Selberg will retain the same health insurance coverage for a year and Collierville will deduct from his severance payments.—
Corey Davis,
Memphis Commercial Appeal,
27 Aug. 2026 See All Example Sentences for deduct