Comments on: In-kind donations and tax deductions http://www.razzed.com/2009/02/09/in-kind-donations-and-tax-deductions/ Blunt Musings: Analytics, Search, Marketing, and Privacy. And other random thoughts. Tue, 13 Dec 2011 01:23:13 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Lindsay Donnan http://www.razzed.com/2009/02/09/in-kind-donations-and-tax-deductions/comment-page-1/#comment-290 Lindsay Donnan Mon, 28 Mar 2011 14:08:04 +0000 http://www.razzed.com/?p=129#comment-290 I am always looking online for ideas that can assist me. Thank you! I am always looking online for ideas that can assist me. Thank you!

]]> By: kent http://www.razzed.com/2009/02/09/in-kind-donations-and-tax-deductions/comment-page-1/#comment-247 kent Tue, 14 Dec 2010 13:37:13 +0000 http://www.razzed.com/?p=129#comment-247 @Linda: Unfortunately, I don't think you can deduct that kind of donation, however, I am not an Accountant. But given this: <a href="http://www.efile.com/tax-deduction/income-deduction/charitable-contributions/" rel="nofollow">Charitible Contributions</a> It indicates that you have to donate tangible goods in order to get a deduction. So, if, for example, the artists were fed while being housed, that <strong>may</strong> be deductible. I would really talk to your tax accountant, but the above guide gives a good idea of what is allowable. Seeing that boarding victims of Katrina for 6 months only allows a measly $500 deduction, I wouldn't keep your hopes up for a large per-diem deduction. @Linda: Unfortunately, I don’t think you can deduct that kind of donation, however, I am not an Accountant. But given this:

Charitible Contributions

It indicates that you have to donate tangible goods in order to get a deduction. So, if, for example, the artists were fed while being housed, that may be deductible. I would really talk to your tax accountant, but the above guide gives a good idea of what is allowable.

Seeing that boarding victims of Katrina for 6 months only allows a measly $500 deduction, I wouldn’t keep your hopes up for a large per-diem deduction.

]]> By: Linda Banister http://www.razzed.com/2009/02/09/in-kind-donations-and-tax-deductions/comment-page-1/#comment-246 Linda Banister Tue, 14 Dec 2010 01:41:19 +0000 http://www.razzed.com/?p=129#comment-246 I need to know what the allowable per day tax credit we can give as a 501C3 to those who have provided housing to our artists. I know that there is a standard fee that either Equity or Agma sets up as a standard in-kind tax statement we can give to our patrons who house artists for us. I have gotten this kind of statment that allowed me a credit or contribution credit on my taxes from an organization that has brought in visiting artists and housed them in private homes. Thank you for your attention to my question. I need to know what the allowable per day tax credit we can give as a 501C3 to those who have provided housing to our artists. I know that there is a standard fee that either Equity or Agma sets up as a standard in-kind tax statement we can give to our patrons who house artists for us. I have gotten this kind of statment that allowed me a credit or contribution credit on my taxes from an organization that has brought in visiting artists and housed them in private homes. Thank you for your attention to my question.

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