Accrual-method calendar-year corporations are not allowed to deduct charitable contributions unless they actually make payment to the charity by year-end.

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Accrual-method calendar-year corporations are allowed to deduct charitable contributions in the year they are accrued, even if payment is not made until the following year. However, there are limitations on the amount that can be deducted based on the corporation's taxable income.

Accrual-Method Calendar-Year Corporations Are Not Allowed to Deduct Charitable Contributions