out, can I deduct that on my taxes, even though I'm not giving it to an official non-profit?
2007-02-18 15:05:13 · 6 answers · asked by It's Me 5 in Business & Finance ➔ Taxes ➔ United States
No, money given to an individual is not deductible. Even if you gave it to a recognized charity but directed that it be given to him, it wouldn't be deductible.
2007-02-18 15:58:02 · answer #1 · answered by Judy 7 · 2⤊ 0⤋
nope, it has to be an official non-profit. although there is a set amount of I thing up to 600 that you can claim for charity without proof.
2007-02-18 15:17:49 · answer #2 · answered by S A 3 · 0⤊ 2⤋
nope! If you do and you get caught you will get nailed.
You can do it because he's a friend but it won't help your tax situation.
2007-02-18 15:15:01 · answer #3 · answered by Dizney 5 · 2⤊ 0⤋
No chance! I'm sure you'll have his eternal gratitude, but the IRS won't cut you any sprouts for it. Sorry.
2007-02-18 16:20:29 · answer #4 · answered by Bostonian In MO 7 · 2⤊ 0⤋
No Way.
2007-02-18 15:08:06 · answer #5 · answered by rockEsquirrel 5 · 3⤊ 0⤋
No.
2007-02-18 15:13:02 · answer #6 · answered by figment_usa 5 · 2⤊ 0⤋