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Charitable Donations of Food Inventory Logo aicpa

  Christopher W. Hesse, CPA |   Free |   AICPA |   21 Jul 2016 |   Tax Insider

A recent change in the law makes it easier for taxpayers to claim charitable deductions for food products donated to charity. This article summarizes the regulations including the use of donated food, limitations on the deductions, and the opportunities.

Topics covered:
  • Tax: Technical: Individual income taxation : Deductions, Intermediate
  • Tax: Technical: C corporation income taxation : Deductions, Intermediate