Can doctors take tax deductions for donating expired medications to a charity, instead of disposing of them?

Question

I wanted to collect some expired medicines from some doctor's offices to take them along with me on medical missions to 3rd world countries. Sometimes saving them up, is a hassle for them. Can I say that they can take a tax deduction for donating the expired Rx meds and nonRx supplies instead of throwing them away?

Rich

Answer 1

What you are suggesting is a great idea but you may not be looking at the most advantaged point in the life of the pharmaceuticals. An organization in in Bristol Tennessee has a ministry that has been doing this for years. You might want to call them for advise. The name if the organization is King Pharmaceuticals Inc. The last number I had for them is 1-800-336-7783.

Answer 2

No, you would be wrong to advise the doctors that they can take a tax deduction for donating the expired medications. The deduction for a donation is the lesser of its fair market value or its cost to the donor. In this case, zero.

In addition, unless you are working under the auspices of an IRS recognized charity, nothing that is donated to you is a tax deduction for the donor.

Answer 3

Most doctors get the sample meds free from the pharaceutical reps, so wouldn't get a deduction since their cost for the items would be zero.

There might also be rules on what can be done with expired meds, to prevent people from being injured by them.

Answer 4

would not artwork. provide $one hundred to a charity, and you in basic terms get to deduct between $10 and $40 5 entire. you're funds-poorer by ability of between $fifty 5 and $ninety. So needless to say you DO care appropriate to the charity, extremely lots! there is in basic terms one case i will think of of the place a charity believed it replaced into immoral to think of of the tax outcomes. that's the Vipassana team, which teaches enlightened know-how freed from distractions, desires, desires, yearning, aversion or lack of know-how. it isn't any longer a faith yet is only a school for those searching for enlightenment. Very useful guidance. they provide theory to the pursuit of a tax deduction to be a yearning, and because yearning is what they seek for to do away with, they do no longer want their pupils prompted by ability of it. I helped set up a clean coaching midsection, and the greater matured pupils suggested "No no, we would desire to constantly no longer incorporate as a charity, because of fact we don't want our pupils pushed by ability of yearning a tax deduction." and that i suggested "the purpose of the tax deduction is to no longer bring about yearning. this is only how the government helps charities contained in america." interior the united kingdom, donations are no longer tax deductible, however the government is going to the charity and suits the donations they get carry of, so it is the same internet result. without the yearning, curiously! the different concern is, many donors in recent times use a Donor counseled Fund, or DAF. that's an "middleman charity" -- you're taking the tax deduction once you donate to the DAF. The DAF invests the money so it grows. Then later, once you agree directly to furnish to charity, you tell the DAF to furnish funds to that charity. You get no earnings for doing this, for the reason which you took the deduction until now and separate out of your determination to help a charity. This additionally solves the "yearning the tax deduction" concern.

Answer 5

No. Expired meds are of no value to anyone. You aren't doing anyone any favors by collecting them; they can be dangerous at worst and of no medicinal value at best.

Answer 6

Expired meds shouldn't be going anywhere but the trash!

Answer 7

NO ,
Pharmacies have meds for sale ( possible tax ded )
Doctors do Not , they just have free samples that they sometimes pass on to patients .

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Answer 8

that is far from being charitable, u do harm to the less fortunate.