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What is the difference between a charitable contribution and a business expense?

April 26, 2017Business charitable contribution expense

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What is the difference between a charitable contribution and a business expense?

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A charitable contribution does not involve the return of any benefit to you as the donor. On the other hand, a business expense involves a payment made with a reasonable expectation of financial return commensurate with the amount of the payment, or something of value offered in return. Only grants for charitable purposes may be made from a fund.