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 Maximize Corporate Tax Deductions with Charitable Donations- Maximize Corporate Tax Deductions with Charitable Donations
- March 06, 2020
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Lower your tax burden with a deduction to Disabled Veterans Charities.
REDLANDS, Calif. - As corporations prepare for this year’s tax filings, there’s no better time to make strategic plans about how to maximize corporate deducations for 2020. And a great way to lower your tax burden is through charitable giving.
To encourage charitable giving, the Internal Revenue Service allows corporations to deduct the amount of both cash and noncash (in-kind) donations to charities – thus, lowering their own taxable income – as long as:
• The nonprofit has tax-exempt statu...
- View more at: https://www.1888pressrelease.com/veterans/armed-forces/maximize-corporate-tax-deductions-with-charitable-donations-pr-671457.html
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