Car advertising for nonprofit organizations - tax deductible?

Question

If I advertise for a nonprofit organization by placing a sign on my vehicle, are there tax-deductible benefits? I live in Pennsylvania.

Thanks

Thanks for your reply Bostonian. I understand the rule, but is there another way to look at it. I could get paid $5000 for AT&T to advertise on my car, but because there is an advertisement for the nonprofit on there, I can not. Could it be an in-kind donation?

Answer 1

The cost of the sign possibly, but that's about it. The cost of operating the car is explicitly prohibited as an advertising expense deduction.

Answer 2

For the donations that are given on your nonprofit to be deductible you ought to have a known 501(c) (3) business enterprise. to envision such an business enterprise it would remember on the state which you reside in. generally that technique is dealt with with the aid of the State Secretary of State. as quickly as you have favourite the 501(c) (3) you have got methods to persist with to receipt the donations to your donors.