Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
Bebita
New Member

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

 
1 Best answer

Accepted Solutions
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

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

 


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..

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.48m
Members

2.6m
Discussions

Manage cookies
v