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taxpolicycenter.org

edit: you should also know that you should just donate directly to the charity, but I thought that was common knowledge

Apparently the idea that it gives corporations a tax break is a misconception, rather, YOU get the tax break! edit: yes you have to have receipts, thought that was common knowledge and didn’t think i needed a disclaimer

Thanks to @TheRealKuni@piefed.social, @iAmTheTot@sh.itjust.works, and @Zorcron@piefed.zip for that info!

edit: sorry for posting this, leaving it up so it’s not a “dirty delete”

  • falseWhite@lemmy.world
    7·
    11 hours ago

    Assuming the business is following the law, it will not include your donation as part of its business receipts, or income, nor will it claim the charitable gift as an expense.

    So we all know how honest and kind hearted all the billionaires are. But still, is there any watchdog monitoring them, that they actually really do not use customer donations as their own?