Give booster club supporters a tax boost

July 2009
Tax Strategist;Jul2009, Vol. 4 Issue 7, p4
The article focuses on the tax deductions available to those persons who donate money to college booster clubs in the U.S. or programs such as charitable and fundraising events. These persons can deduct the full amount of donation provided that they do not get any benefits in return. However, if a taxpayer receives tickets as a gift in return of the donation to a club, then he or she must deduct the cost of the tickets before the deduction is calculated.


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