Corporate Charitable Contribution Limitation 2025

Corporate Charitable Contribution Limitation 2025. 172 (a) allows a deduction. Section 170 (b) (2) limits a corporation's current charitable contribution deduction to ten percent of its taxable income (the 10% limit).

The limitation on charitable deductions for corporations that’s generally 10% of modified taxable income doesn’t apply to qualifying contributions made in 2020. Before the cares act, the total charitable deduction that a corporation could generally claim for the year.