Matthew HaugheyA fast food place asking me to “round up to the nearest dollar for local schools” sure feels like some giant charity tax dodge for the owner, right?
I want to believe it’s altruism from an honest place, but it’s capitalism we operate within.
Peter Butler@mathowie It’s not a tax dodge. I wrote an article about it.
If you track the donations, you can deduct them from your own taxes (if you itemize of course).
But in no way can the business legally claim a tax deduction for your donation.
https://www.taxpolicycenter.org/taxvox/who-gets-tax-benefit-those-checkout-donations-0
What CVS was doing was *very* different. And fraudulent.
https://finance.yahoo.com/news/cvs-sued-using-customer-donations-165400166.html
Who Gets the Tax Benefit For Those Checkout Donations?
If you’ve shopped recently at your supermarket, there’s a good chance you faced a choice at the checkout counter: Whether to give to a charity. But like so much else these days, these giving opportunities have become controversial.