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May employers deduct the cash payments as charitable contributions, and what is the effect of the percentage limitation for charitable contributions?

April 26, 2017cash charitable contributions deduct employers limitation PAYMENTS PERCENTAGE

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May employers deduct the cash payments as charitable contributions, and what is the effect of the percentage limitation for charitable contributions?

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A-16. Under a leave-donation program, employers may deduct cash payments to a qualified tax-exempt organization as charitable contribution deductions. If they do so, any existing percentage limitations will apply. Alternatively, they may deduct the cash payments as business expense deductions.