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February 1, 2009 9:21 pm at 9:21 pm
#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)