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kayanesta
New Member

I teach a class through a local non profit and claim the income but gift 35% of my profits to the non profit . can i claim that as a donation?

 
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I teach a class through a local non profit and claim the income but gift 35% of my profits to the non profit . can i claim that as a donation?

If the nonprofit organization is a "qualified charitable organization" such as a 501(c)(3) or a church or public educational facility, etc., then Yes you can include what you gift back to them as a charitable contribution.  But remember, charitable contributions are just one of several itemized deductions.  The total of your itemized deductions must be greater than your standard deduction to be of any tax benefit.

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3 Replies

I teach a class through a local non profit and claim the income but gift 35% of my profits to the non profit . can i claim that as a donation?

If the nonprofit organization is a "qualified charitable organization" such as a 501(c)(3) or a church or public educational facility, etc., then Yes you can include what you gift back to them as a charitable contribution.  But remember, charitable contributions are just one of several itemized deductions.  The total of your itemized deductions must be greater than your standard deduction to be of any tax benefit.

I teach a class through a local non profit and claim the income but gift 35% of my profits to the non profit . can i claim that as a donation?

Not all non-profits are qualified charities.
kayanesta
New Member

I teach a class through a local non profit and claim the income but gift 35% of my profits to the non profit . can i claim that as a donation?

Thank you! It is a well established 501C3

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