Business Sponsorship Tax Deductible?

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.

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May 01, 2015
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by: Lewis 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.

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