That’s not how that works. If they wanted to use it to lower their taxes, they’d need to accept the donations as revenue first making their total deduction net zero
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Cake day: October 29th, 2023
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How would that happen? You donate $20, the company accepts that as revenue, donates it, writes of $20. The net effect of this is zero.
No, they don’t. In order for them to receive a tax credit for it, they’d have to take those donations as revenue first. They can’t just claim a donation of someone else’s money on their taxes.
No, they don’t.