Can I write off a donation
Business Expensesfreelancersconsultantssmall business ownersnon-profit organizations
Donations are deductible if they are made to qualified organizations, such as 501(c)(3) charities. Cash donations are straightforward, but non-cash donations require valuation and documentation. Personal time or services donated are not deductible. The deduction is generally limited to 60% of your adjusted gross income (AGI), though this can vary based on the type of donation and organization. For businesses, only donations made by the business entity itself are deductible, not personal donations by the owner.