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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During the Tax Cuts and Jobs Act period, $4 billion in taxable income left California, as the state and local taxes that California taxpayers could deduct on their federal tax returns became capped at $10,000 per year.—Joshua Rauh, Oc Register, 20 Dec. 2025 The industry has been subject to 50% higher income taxes, according to Toskov, and hasn't been able to deduct things that other industries and businesses can.—Dennis Valera, CBS News, 19 Dec. 2025 But you won’t be allowed to deduct more than $10,000 a year – an amount that is reduced if your MAGI is over $100,000 ($200,000 if married filing jointly).—Jeanne Sahadi, CNN Money, 17 Dec. 2025 Businesses that deal with marijuana or other Schedule I (or II) drugs can’t deduct rent, payroll, or some other expenses that others can write off.—Addy Bink, The Hill, 16 Dec. 2025 See All Example Sentences for deduct
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