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Taxable Income
If my employer offered to make large charitable donations on my behalf (say, $5k every 6 months) would this count as (a) taxable personal income for federal and state income taxes and/or (b) taxable income for FICA?
Seeing the replies below, so I think I should clarify: the purpose of asking the question was to make sure everything is above board. It sounds like if we were to do this, we should report the donations as taxable income. Maybe even that would cause tax issues—I’m unclear.
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June 29, 2023
12:13 PM