Press "Enter" to skip to content

Federal Tax Deductions for Small Business Charitable Donations

Published January 5, 2023
Small businesses can receive a tax deduction for making charitable donation (PDF, Download Adobe Reader). The IRS has specific reporting requirements when a small business donates:
  • Non-food inventory
  • Food
  • Intellectual property
You won’t receive a tax deduction for donating services. But you may be able to deduct expenses related to the donation, like travel or materials.