Ask an AI Accountant
A free tool by
Question
if i donate money to a company in my will, who pays taxes when i die?
AI accountant’s answer:
When you leave money to a company in your will, it's typically considered a bequest and not subject to income tax for the company. If the company is a qualified charitable organization, the amount you donate can also reduce the value of your estate, potentially lowering any estate taxes that might be due. However, it's important to note that specific tax implications can vary based on the details of your situation and the nature of the company you're leaving money to.
Keeper’s AI Accountant V2
Track and claim every eligible deduction with Keeper
Keeper is the top-rated all-in-one business expense tracker, tax filing service, and personal accountant.