Business charitable contribution rules have changed under the CARES Act

(CARES ACT), C Corporation, Charitable, Contributions, Coronavirus Aid (CARES Act), COVID-19, Deductions, Small Business /

In light of the novel coronavirus (COVID-19) pandemic, many businesses are interested in donating to charity. In order to incentivize charitable giving, the Coronavirus Aid, Relief and Economic Security (CARES) Act made some liberalizations to the rules governing charitable deductions. Here are two changes that affect businesses: The limit on charitable deductions for corporations has […]

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