Going Away Gift Tax Deductible?

by Karen
(Georgia)

We collected money from members for a going away present for our Youth Pastor. Is this tax deductible to the members? Thanks.

vickey's relpy

No. If it was designated for a certain person, it cannot be considered a tax-deductible contribution.


Know the answer? Face the same situation? Please post your answer or comment by using the "comment" link below. Thank you!