Reply To: POLL: Chinese Auctions & Free Gifts

Home Forums Decaffeinated Coffee POLL: Chinese Auctions & Free Gifts Reply To: POLL: Chinese Auctions & Free Gifts

#637727
rescue37
Participant

What they don’t tell you in (or if they do, it’s in really small letters)

1st – the value of the gift is not tax deductible, so you may send $250 and get the gift to find out that they value the gift at $70 which is not tax deductible.

2nd. – Raffle tickets are not deductible at all according to the IRS. (Don’t ask me how they can send out charity receipts. It’s probably a different thread that should be started)