A corporation’s annual charitable contribution deduction cannot exceed 10% of the corporation’s taxable income Sec. 170 (b) (2) (A)), computed without regard to the following (Sec. 170 (b) (2) (D)): Deduction of the premium on repurchase of convertible debt ( Sec. 249); Specified agricultural and horticultural cooperative payments ( Sec. 199A (g)).

Corporate tax policy doesn't usually drive day-to-day portfolio decisions. But for business-owning clients, it can meaningfully shape everything from entity choice to where future growth makes the most sense. As of 2026, 44 states and Washington, D.C ...

Canton faced budget concerns amid a $2.3 million tax refund to businesses. Officials now believe cannabis funds will offset the loss in revenue.

Gradual elimination of Georgia's state income tax and removal of a long list of corporate tax credits have been recommended by the Finance Committee in the

Corporate tax rates differ widely around the world, with the global average being 23.58%. Here are the countries with the highest and lowest taxes—or no taxes at all.