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If I have a LLC. and I want part of my earnings go to charitys what is the biggest benefit I get from taxes.

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If I have a LLC. and I want part of my earnings go to charitys what is the biggest benefit I get from taxes.

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  1. Assuming that the LLC is not set up as a C-Corp, any charitable contributions made by the LLC owners/members are reported on each of their Schedule A's the same as any other charitable contributions.

    Assuming that you itemize deductions, the actual tax benefit would depend on your tax bracket.  For example, if you are in the 25% bracket, a $1000 contribution would save you $250 in taxes.


  2. Charity contribution can be deducted as itemized deduction. Read: http://taxipay.blogspot.com/2008/05/item...
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