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
Lagkiller
joined 1 year ago
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.