Corporate Charitable Contribution Deduction 2026: New 1% OBBB Floor Explained
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Corporate Charitable Contribution Deduction 2026: New 1% OBBB Floor Explained

Byadmin

Can corporations still deduct charitable contributions in 2026? Yes, but the rules changed significantly. The One Big Beautiful Bill introduced a new 1% floor under IRC §170(b)(2)(A), meaning the corporate charitable contribution deduction 2026 only applies to donations exceeding 1% of taxable income — permanently eliminating the deduction value of smaller gifts. Corporate philanthropy has…

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CA Tax vs. Federal: The 3 Biggest California Tax Differences You Need to Know

Byadmin

  California Tax Strategy 2025: The “Decoupling” Guide. Discover why following federal rules for your California return could cost you thousands in lost deductions. We break down the R&E and depreciation traps you need to avoid. Hey everyone! 👋 If you’re running a business in the Golden State, you might think you have your tax…