Business Topics, IRS - Tax Tips, Tax

IRS – Limits On Charitable Contributions

On The Fly with GBC - Design, Consulting & Financial Services

Greater deductions by businesses for contributions of food inventory for the care of the ill, needy or infants are now allowed. Businesses that contribute food in 2020 may deduct up to 25 percent of their net or taxable income. https://go.usa.gov/xfQZs#COVIDreliefIRS#IRS

Published by On The Fly with GBC - Design, Consulting & Financial Services

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