Solved: Little league asked to sell chocolates as a fundraiser or give $50.00 to otp out, are the $50 deductible?
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Bebita
New Member

Little league asked to sell chocolates as a fundraiser or give $50.00 to otp out, are the $50 deductible?

 
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Marketstar
Level 7

Little league asked to sell chocolates as a fundraiser or give $50.00 to otp out, are the $50 deductible?

You can only deduct a contribution to an IRS qualified charity

See IRS Qualified Charity List

In addition, to deduct a contribution, you must itemize deductions which you can only do by upgrading to TurboTax Deluxe Edition

 


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3 Replies
Marketstar
Level 7

Little league asked to sell chocolates as a fundraiser or give $50.00 to otp out, are the $50 deductible?

You can only deduct a contribution to an IRS qualified charity

See IRS Qualified Charity List

In addition, to deduct a contribution, you must itemize deductions which you can only do by upgrading to TurboTax Deluxe Edition

 


View solution in original post

Bebita
New Member

Little league asked to sell chocolates as a fundraiser or give $50.00 to otp out, are the $50 deductible?

Thank you!  I had no idea we can check which organizations are qualified.  Thanks for the information, very helpful!
Marketstar
Level 7

Little league asked to sell chocolates as a fundraiser or give $50.00 to otp out, are the $50 deductible?

Your welcome and thanks for choosing TurboTax..
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