you are viewing a single comment's thread
view the rest of the comments
[–] 38 points 6 months ago* (last edited 6 months ago) (8 children)

I thought so too.

Assuming the business is following the law, it will not include your donation as part of its business receipts, or income, nor will it claim the charitable gift as an expense. 

In other words, your gift has zero impact on the store’s income taxes. Keep in mind that the store chooses the receiving charity, so make sure it is one you can support. As a customer, the donation will appear on your receipt and you can claim it as a charitable deduction when you file your income tax return.

https://taxpolicycenter.org/taxvox/who-gets-tax-benefit-those-checkout-donations-0

  • source
  • parent
  • hideshow 8 child comments
  • [–] 13 points 6 months ago (7 children)

    The receipt thing is a lifeprotip. I didn't know that.

    I always donate directly to organizations because I didn't think I could get taxes back on it if you donate in a store.

    Thank you.

  • source
  • parent
  • hideshow 7 child comments
  • [–] 6 points 6 months ago (5 children)
  • [–] 5 points 6 months ago* (4 children)

    I prefer "NSA" to "IANAL" because "No soy abogado" means "I'm not a lawyer" in spanish, which is nice because then we don't have to inadvertently think OP just told everyone he engages in anal sex every time we see the acronym.

  • source
  • parent
  • hideshow 4 child comments