No they don’t, this is tax fraud and illegal. Companies are not allowed to claim donation round-ups as their own for tax purposes. They may match donations, which they can claim, but they cannot claim money they did not spend as their own donations. You, however, can, if you keep your receipts.
“Just because it’s illegal doesn’t mean they don’t do it” – Fair point, but this is the IRS we’re talking about. I doubt big business are willing to fuck around that particular avenue. Other avenues, definitely.
And just like Reddit, the quickest way to get accurate information is to post inaccurate information and then get 10 super snarky corrections by know it alls in the comment replies!
Yeah most do. They get to take those donations as tax write-offs for the rest of the business.
I sometimes joke “no thanks I’m more likely to be the one actually needing those donations” and some cashiers look pretty horrified lol
No they don’t, this is tax fraud and illegal. Companies are not allowed to claim donation round-ups as their own for tax purposes. They may match donations, which they can claim, but they cannot claim money they did not spend as their own donations. You, however, can, if you keep your receipts.
“Just because it’s illegal doesn’t mean they don’t do it” – Fair point, but this is the IRS we’re talking about. I doubt big business are willing to fuck around that particular avenue. Other avenues, definitely.
Wow, this place really is becoming Reddit!
I had to see that particular lie for like 13 years there, glad to see the same bullshit transfer right over!
Good for you for spreading hyperbolic provocative lies on the internet without ever looking it up for yourself!
And just like Reddit, the quickest way to get accurate information is to post inaccurate information and then get 10 super snarky corrections by know it alls in the comment replies!
Exactly!
May god help the ignorant or stupid.
Cunningham’s law in action