topic Re: Deductions in Self employed

Deductions

Wljanes — Wed, 27 Oct 2021 17:21:30 GMT

I own an S Corp LLC pass through.

Can I deduct my personal charitable contributions along with my business expenses?

Re: Deductions

John-H2021 — Wed, 27 Oct 2021 17:32:07 GMT

Hello Wljanes,

Your personal charitable contributions would be deducted as itemized deductions on schedule A.

Your business charitable contributions would be deducted on your corporate return.

Some donations may be able to be written off as a business expense.

Cash payments to an organization, charitable or otherwise, may be deductible as business expenses if the payments are not charitable contributions or gifts and are directly related to your business. Likewise, if the payments are charitable contributions or gifts, you cannot deduct them as business expenses.

Re: Deductions

Wljanes — Wed, 27 Oct 2021 17:35:36 GMT

Thank you for that. Also:

I run a salon and we serve coffee to our clients. Can I write off the coffee and creamer etc?

Re: Deductions

John-H2021 — Wed, 27 Oct 2021 18:38:26 GMT

Yes those are business expenses