Going Away Gift Tax Deductible?
We collected money from members for a going away present for our Youth Pastor. Is this tax deductible to the members? Thanks.
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!
Click here to post comments
Join in and write your own page! It's easy to do. How? Simply click here to return to Earmarked Contributions.
Need a Consultation, help setting up an effective Accounting System, or someone to do your monthly bookkeeping?