NAEIR BLOG

Major Toy Industry Publication article – Big Tax Savings When Donating Slow-Moving Inventory

“…By donating new, idle toys to charity, your business can earn a federal income tax deduction under Section 170 ( e )(3) of the U.S. Internal Revenue Code…”



“…may deduct the cost of the inventory donated, plus half the difference between cost and fair market value. Deductions may be up to twice-cost…”

To the read the full article, click here


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