this post was submitted on 17 Nov 2024
450 points (93.6% liked)
Comic Strips
12601 readers
3808 users here now
Comic Strips is a community for those who love comic stories.
The rules are simple:
- The post can be a single image, an image gallery, or a link to a specific comic hosted on another site (the author's website, for instance).
- The comic must be a complete story.
- If it is an external link, it must be to a specific story, not to the root of the site.
- You may post comics from others or your own.
- If you are posting a comic of your own, a maximum of one per week is allowed (I know, your comics are great, but this rule helps avoid spam).
- The comic can be in any language, but if it's not in English, OP must include an English translation in the post's 'body' field (note: you don't need to select a specific language when posting a comic).
- Politeness.
- Adult content is not allowed. This community aims to be fun for people of all ages.
Web of links
- !linuxmemes@lemmy.world: "I use Arch btw"
- !memes@lemmy.world: memes (you don't say!)
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I've been told since you donate it's a tax write off for yourself and therefore the company can't double write it off on theirs. Not sure I believe that these companies follow the rules but that's what I've been told.
When you make a donation, you will get a receipt for it and that's what you use to declare it on your taxes.
The company taking your donation will have a copy of that receipt showing that you made the donation and not them.
What you were told isn't true. Both you and the company are able to write it off.
Most Americans aren't donating enough for it to affect their taxes, though.
Lol a donation cannot be written off by two entities. Americans would need to itemize their deductions, which very few do.
The company does not write off the donation. It's not their donation, it's your donation. The company is a collector only.
Site the more correct wording would be "neither the customer nor the company are taxed on the donation". Assuming the customer itemizes their taxes, which a you've pointed out is rare.
I'm trying to speak at the level of people who post stuff like the OP. Some of the details don't shake out correctly but I'm not trying to get in the weeds of US tax code here if the main point holds up.