Are these considered legimate deduction as donations?
Announcement
Collapse
No announcement yet.
American Legion/VFW?
Collapse
X
-
Originally posted by zeros View PostAre these considered legimate deduction as donations?
no deductions. it's a social organization.
But if either had a special fund raiser for an otherwise qualifieid organization and furnished adequate documentation as to destination of donor's fixed contribution, then yes.ChEAr$,
Harlan Lunsford, EA n LA
-
Veterans groups are themselves qualified organizations (501(c)19, not the more familiar 501(c)3). They're 30% organizations, not 50%, but donations to them are still qualified, without the involvement of other charities. Check Pub. 526.
For membership, you'll need to check with the organization on whether there are any benefits to offset the contribution. It's possible there aren't any offsets, particularly if their social events are paid for separately or from other revenues, so the full amount of membership might be deductible.
Comment
-
$50 Harvard Club membership
From TTB 4-15 bottom right:
Membership benefits. If the annual fee is $75 or less, certain membership benefits are disregarded, and the full amount of the donation is deductible. This rule applies even if the taxpayer pays more than $75 to the charity for the year, as long as the required
payment to be a member is $75 or less. Examples of membership benefits include free or discounted admission to events, free or discounted parking, preferred access to goods or services, discounts on the purchase of goods and services, and admission to member only events if the cost is a token amount of $9.70 (2011 amount) per person or less. See Charitable Contributions, page 4-3, for inflation adjusted amounts.
$50 membership due to Harvard Club? I read earlier posts I am leaning towards deductible as donation.
Comment
-
Originally posted by AZ-Tax View Post$50 membership due to Harvard Club? I read earlier posts I am leaning towards deductible as donation.
And only $50? Must be a different Hahvahd.
Comment
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.
Comment