Produce Tax Deduction Calculator

This app is intended to demonstrate how parties can collaborate as supply chain partners in the process of donating fresh produce to 501(c)(3) organizations. By entering the variables of Fair Market Value, COGS, donated pounds and an estimated corporate tax rate, a donor can readily determine the potential tax deduction that may be obtained under most circumstances. The app incorporates the newest produce donation tax regulations in the calculations being performed. Taking these tax regulations down to the level of a specific donation allows all users to speak the same fiscal language and reasonably evaluate how each donation should be handled. Costs per pound are used in all calculations to maintain consistency in communications between parties.

This is a general representation of new tax regulations and should NOT be considered formal tax advice. Tax situations specific to your company should be discussed with your tax professional, since there are limits and conditions that may apply depending on corporation type and other tax scenarios. The purpose of this tool is to simplify the discussions between donors and donees regarding donation volumes, harvesting/packing fees and potential benefits to donors.

This app is supported by Feeding Florida and a percentage of the proceeds from this app are used to fight hunger and provide hope for millions of people.