They totally do, at least in the USA they do. Well documented corporate practice.
Comment on Don't we all hate this
CompactFlax@discuss.tchncs.de 1 day agoI don’t think they can get a tax break, but they definitely get the media attention.
JangleJack@lemmy.world 1 day ago
CompactFlax@discuss.tchncs.de 1 day 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.
In other words, your gift has zero impact on the store’s income taxes. Keep in mind that the store chooses the receiving charity, so make sure it is one you can support. As a customer, the donation will appear on your receipt and you can claim it as a charitable deduction when you file your income tax return.
frog@feddit.uk 1 day ago
The receipt thing is a lifeprotip. I didn’t know that.
I always donate directly to organizations because I didn’t think I could get taxes back on it if you donate in a store.
Thank you.
ParlimentOfDoom@piefed.zip 22 hours ago
False. This is an oft repeated myth.
daychilde@lemmy.world 1 day ago
Bring the proof. Because it’s a myth.
www.usatoday.com/story/news/…/7622379002/
So, let’s see your documentation please.
daannii@lemmy.world 1 day ago
Well if they donate that money to their own charity then I’m sure they figure out some way to keep most of it. "Admin costs " and such.