4 ms·
It's not a tiny detail. It's not tax-deductible if someone pays directly. It has to go straight to the charity
by nolite 9y ago
It's not a tiny detail. It's not tax-deductible if someone pays directly. It has to go straight to the charity
- endorphone 9y ago>It's not tax-deductible if someone pays directly It would be an expense and would ergo be 100% tax-deductible (e.g. a reduction on $5000 of taxable income). There is another aspect relating to whether the firm gained an asset but that applies to both scenarios. This makes no sense as a tax scheme.
- nolite 9y agoThis only works if you're a business. Individuals can't deduce expenses... (I wish)