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US Politics 1w
I can’t wait for the day that people understand that THIS ISN’T HOW IT WORKS. Corporations cannot write off your donation. It is YOUR donation. YOU can write it off, the company does not get to.
21 upvotes, 9 comments. Sidechat image post by Anonymous in US Politics. "I can’t wait for the day that people understand that THIS ISN’T HOW IT WORKS. Corporations cannot write off your donation. It is YOUR donation. YOU can write it off, the company does not get to."
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9
upvote 21 downvote
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Anonymous 1w

I once clicked do not donate next think I knew a child was executed live on the screen

upvote 12 downvote
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Anonymous 1w

Worth noting that most people don’t, so no one writes it off. 80-90% of individuals take the standard deduction instead of itemizing

upvote 10 downvote
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Anonymous 1w

Ok so uh.. if this is the case then how do you keep track? Do you need to keep every receipt if you were were to take the itemized deduction or

upvote 5 downvote
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Anonymous replying to -> #1 1w

The worst one I’ve heard is “oh they just donate all this money so they can get a tax write off” as though that means they’re still not donating money 💀

upvote 10 downvote
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Anonymous replying to -> #1 1w

^ when companies give their own funds to charity

upvote 1 downvote
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Anonymous replying to -> #2 1w

Someone on here has the username “irs.gov” and I really wish they were here rn 💀

upvote 1 downvote
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Anonymous replying to -> #1 1w

I mean that’s a genuine question . when I make a substantial donation I keep receipts, not just for tax write off but like. Just financial logs etc. I don’t print them out but I keep email etc

upvote 5 downvote
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Anonymous replying to -> evil_sheep 1w

When you click “do not donate” it actually just donates to the IDF

upvote 5 downvote
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Anonymous replying to -> #2 1w

The IRS would tell you yes, keep receipts for literally everything if you’re itemizing, because you could be audited. But for donations less than $250, a bank statement, credit card statement, etc is sufficient. If you’re rounding up I doubt they’re auditing you based on donations less than $1 (not tax advice!). For $250+ you need a receipt specifically from the organization. H&R Block has a page on this https://www.hrblock.com/tax-center/filing/adjustments-and-deductions/charitable-donations/

upvote 1 downvote