Santa may know if you’ve been naughty or nice this season, but does he know all the tax credits and deductions he’s eligible for this Holiday Season?
1 North Pole Place, more commonly known as Santa’s workshop, is presumably one of the largest industrial complexes in the world since they produce toys for more than 500 million kids each year. Its location, we’ve heard, was more of a strategic decision made by Santa’s Board of Elves. However, it’s also conveniently outside of the United States, meaning Santa isn’t liable for corporate taxation.
However, if Santa’s workshop did operate inside the border, here’s a look at credits and deductions Old Saint Nick may be eligible for this upcoming tax season:
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