what is called when business donate money that they can write off taxes
To write off your donations to charity, you have to donate money or property. Money can be donated as hard cash or through checks or credit cards. Property can include physical items, land and buildings.Furthermore, you need to prove that you've actually donated the money or items in question to take a tax exemption.inding Tax-Exempt Charities. To be able to write off a donation, you must donate to a charity with 501(c)(3) tax-exempt status. You can also donate to churches and religious organizations that are recognized as tax-exempt by the Internal Revenue Service (IRS).