It’s not a mysterious proposition at all, but it seems that many people don’t understand how the grocery store checkout counter donation system works. No, the grocery store isn’t reimbursing itself with your moneyThere are two kinds of grocery store checkout donations that involve point of sale transactions. With the way it works in reality, grocery stores are using a small fraction of their own sales as charitable donations. In other words, your gift has zero impact on the store’s income taxes. For the tax year 2020, you can deduct up to $300 in charitable donations without having to itemize.

Source: The Nation March 09, 2021 15:22 UTC