turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

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
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

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.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies