Dec 8, 2022
7:59:32pm
7:59:32pm
Go ahead and donate to charity at cash registers. The business gets no cash or tax advantage out of it
Not CSoul’s fault, this is a very common misconception for some reason. But it’s absolutely not true. The business collects your money and donates it. Only you get the charitable deduction on your taxes, if you chose to report it and itemize deductions.
Any benefit to the business is indirect from helping to promote and collect the donations. They are not “double dipping.”
Any benefit to the business is indirect from helping to promote and collect the donations. They are not “double dipping.”
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Other Related Threads:
I was wrong here. According to tax policy you can't count at the register donations as income. Now, you can still (CSoul, Dec 8, 2022 at 8:47pm)
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Go ahead and donate to charity at cash registers. The business gets no cash or tax advantage out of it
12/8/22 7:59pm
12/8/22 8:03pm
12/8/22 8:09pm