PDA

View Full Version : Tax Advantages for small businesses donating to a 501C3 charity?


Uncle Billy
Jun 24, 2007, 12:09 PM
What tax advantages are gained by an individual or small business making a donation to a 501C3 non-profit organization?
Thanks
Ken

Fr_Chuck
Jun 24, 2007, 12:37 PM
And beyond tax advantages, it helps the non profit groups, it provides medical care, clothing, housing, and food for the sick, the elderly, the poor.

AtlantaTaxExpert
Jun 25, 2007, 10:35 AM
Ken:

The tax advantages is that you can deduct your donation on your taxes, but ONLY IF you itemize.