While charitable donations cannot be deducted by a corporation, they can be used as the basis for a tax credit.

Name: While charitable donations cannot be deducted by a corporation, they can be used as the basis for a tax credit.
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Charitable donations made by a corporation can often be deducted from their taxable income, not directly credited against taxes owed. The deduction reduces the taxable income of the corporation, rather than providing a tax credit.

While Charitable Donations Cannot Be Deducted by a Corporation, They