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According to this source, posted earlier, CVS would only be a collection agent and could not claim special tax treatment for passing through the charitable cont
by butlerm 4y ago
According to this source, posted earlier, CVS would only be a collection agent and could not claim special tax treatment for passing through the charitable contributions of others:
"This is where you round up your bill to give to a charity designated by the retailer, and the donation amount appears on your receipt. The store serves only as a collection agent for your gift. 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. In other words, your gift has zero impact on the store’s income taxes."
https://www.taxpolicycenter.org/taxvox/who-gets-tax-benefit-those-checkout-donations-0 https://www.taxpolicycenter.org/taxvox/who-gets-tax-benefit-...