by Christina
(SD )
Our church is holding a concert and wants to ask businesses to sponsor the concert. Would the business' contribution be tax deductible? For example if the business donates $300 we will print the name of the business on the concert tickets. The tickets would then be free.
1Comments
Business sponsorship tax deductible?
LLewis in NC
The church should give the business a receipt and not worry about tax deductibility. All business expenses are tax deductible because all business expenses reduce net income for the year.