Self employment donate proceeds

[jkmiller26]

My wife does jewelry direct sales and did a couple parties as fundraisers.  E.g., For one party, all proceeds went to a family whose house had burned.  Can this be deducted as a business expense, or is it considered a personal gift with no tax benefit?

[MinhT · Accepted solution]

Unfortunately, this constitutes a personal gift and is not tax deductible.

[jerry2000]

That is a gift and it is not deductible at all. First of all  charitable contributions are not a valid business expense, secondly, a gift to an individual or individuals is not deductible as a charitable contribution on Schedule A.

[jkmiller26]

Figured so but was looking for any possible way to lower taxable income a little more.