- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I sponsored an event, is that tax deductible?
The event was not a defined charity but supports a charity. I was sponsor of a golf event to raise money for a local charity
Topics:
1 Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I sponsored an event, is that tax deductible?
Maybe. As long as your check/payment was made to the charity itself OR the event was contracted as a fundraising agent on behalf of the 501(c)(3), you can take it as a charitable donation. Your receipt would show the details and tell you if they are a qualified agent.
If you have a business, however, you can deduct your sponsorship as an Advertising expense as long as you were a published sponsor.
Still have questions?
Make a post
Or browse the Forums