Comment by BobaFloutist
19 days ago
And even if it was, all "tax deductible" would mean is that they wouldn't have to pay taxes on that money. Which, you know, they don't get to spend. So it's kind of defacto tax deductible in the same sense that my friend's income is "tax deductible" for me, I guess.
A lot of people online have convinced themselves that "tax deductible" means that the government would refund you that dollar amount. That's a "tax credit"... If forwarded donations were a tax credit, then yes, rounding up is giving the company "free" money! But you're not.