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Will_Grover

20 karmaJoined Jan 2021

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If I am a US business owner, can I legally donate to an unrelated charity as a business expense to avoid the 37% income tax on that amount?

· 5y ago · 1m read

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If I am a US business owner, can I legally donate to an unrelated charity as a business expense to avoid the 37% income tax on that amount?

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Terrific. Thanks for this info! Looks like I can do up to 25% this year (although less in a typical year).