Comment on THIS always annoys me.
MagosInformaticus@sopuli.xyz 10 months ago
This isn’t correct.
If they get an extra million in these donations, they can deduct that extra million. It’s a net zero improvement. It does not help them at all financially.
But it’s free good will and they can advertise that THEY donated a bunch. It’s just to make them look good.
They can’t actually deduct a penny from it.
They can claim it’s not income and they’re simply passing the money through. They don’t pay taxes on it.
Because it’s not income and they’re just passing the money through. Why would they pay taxes on it?
entwine413@lemm.ee 10 months ago
You’re wrong. Companies that collect donations on behalf of a charity can’t deduct a single penny of it.