Tax Write Off?

mrsemi · May 26, 2010, 02:58 AM

I'm 38, filed a 1040 ez my entire life minus maybe two years. Obviously our donations are exactly that, donations.

However our government here in the US seems to be ok with writing off charity & religion right? So question is, can wcg or folding be written off on taxes?

I ask this question out of curiousity, I don't want to write off my donation but theoretically if it were well documented and there was a capacity to write off a portion for tax purpose, many more may be willing to contribute.

Thoughts?

sneekypeet · May 26, 2010, 03:02 AM

this was covered last year

I believe it is possible to claim some, but it took some hoops and meticulous records.

mlee49 · May 26, 2010, 03:05 AM

I think you are safe to claim reputable charities up to a certain dollar amount($300) without providing proof(receipts).

I'm not a tax preparer.

*not responsible for legal purposes.

May 26, 2010, 02:58 AM	#1
mrsemi Join Date: May 2007 Posts: 629 (0.29/day) Thanks: 208 Thanked 67 Times in 49 Posts System Specs	Tax Write Off? I'm 38, filed a 1040 ez my entire life minus maybe two years. Obviously our donations are exactly that, donations. However our government here in the US seems to be ok with writing off charity & religion right? So question is, can wcg or folding be written off on taxes? I ask this question out of curiousity, I don't want to write off my donation but theoretically if it were well documented and there was a capacity to write off a portion for tax purpose, many more may be willing to contribute. Thoughts?

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May 26, 2010, 03:02 AM	#2
sneekypeet Unpaid Babysitter Join Date: Apr 2006 Posts: 18,983 (7.32/day) Thanks: 3,032 Thanked 5,481 Times in 3,947 Posts System Specs	this was covered last year I believe it is possible to claim some, but it took some hoops and meticulous records. __________________ Hers: ASUS Maximus V Gene / i7 3770K / Swiftech H220 / 4X8GB Corsair Dominators / ASUS GTX660 / Corsair AX-760 / Windows 7 64bit / Fractal Design ARC Midi R2 Test: Gigabyte Z68X-UD4-B3 / i7 2600K / A lot Of Coolers / Ripjaws Currently / HIS HD7950 IceQ Turbo / Silverstone SST-ST85F-G / Windows 7 64bit / InWin D-Frame Limited Edition

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May 26, 2010, 03:05 AM	#3
mlee49 Eligible for custom title Join Date: Dec 2007 Location: KU Posts: 6,919 (3.51/day) Thanks: 1,597 Thanked 2,044 Times in 1,600 Posts System Specs	I think you are safe to claim reputable charities up to a certain dollar amount($300) without providing proof(receipts). I'm not a tax preparer. not responsible for legal purposes. __________________ Heatware: Mlee49 115-0* Last edited by mlee49; May 26, 2010 at 03:06 AM. Reason: CYA

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