They can’t deduct the $2 donation if you made the donation at POS. It doesn’t count as income for them, and it shows up on your receipt, so they do not legally get to write off that $2.
t doesn’t count as income for them, and it shows up on your receipt, so they do not legally get to write off that $2.
Ahh, I didn’t know this! Thanks for the info. It means the “companies just want you to donate at checkout so they get a tax writeoff” thing that people keep saying is even less true. That viewpoint is so prevalent and I’m not sure why - I guess there’s a lot of people that don’t understand how taxes work.
They can’t deduct the $2 donation if you made the donation at POS. It doesn’t count as income for them, and it shows up on your receipt, so they do not legally get to write off that $2.
https://apnews.com/article/fact-checking-000329849244
Ahh, I didn’t know this! Thanks for the info. It means the “companies just want you to donate at checkout so they get a tax writeoff” thing that people keep saying is even less true. That viewpoint is so prevalent and I’m not sure why - I guess there’s a lot of people that don’t understand how taxes work.