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I know if I give a donation of cash to Good Will or the Salvation Army I can deduct that on my taxes. If I buy something from one of their stores can I deduct that from my taxes since they are getting money?
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The simple answer is "no" You are receiving something in return for your money and so you can't deduct it as a donation.
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OMG
somepeopleschildren |
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What if you give a donation and your receive a small gift in return for it? Is the entire donation not tax deductible because you received something in return?
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If u buy something from a charity that costs more than the value, it is tax deductible. So if you donate $25 to a christian charity and get a $10 book in return, u can deduct $15.
But I don't think u r going to over pay at a thrift store. Nice try. |
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