edit: you should also know that you should just donate directly to the charity, but I thought that was common knowledge
Apparently the idea that it gives corporations a tax break is a misconception, rather, YOU get the tax break! edit: yes you have to have receipts, thought that was common knowledge and didn’t think i needed a disclaimer
Thanks to @[email protected], @[email protected], and @[email protected] for that info!
edit: sorry for posting this, leaving it up so it’s not a “dirty delete”
This topic always causes a lot of negative comments whenever it’s mentioned. Far more people falsely claim there’s a corporate tax benefit compared to people reminding that it’s not true.
There’s a secondary factor: when you donate through the company, they have an increase in gross profit without an increase in revenue. It’s actually worse on their balance sheet from a performance standpoint. Not that it matters much in the grand scheme of things tho.