If i bid on an auction thats for charity, can i write it off on my taxes?

Question

For example; the charity auctions for the victims of the wildfires in san diego

Answer 1

Yes,

You need to get a reciept for your purchase from the
seller.

Answer 2

If you win an item in an auction for a 501(c)3 charity, you can deduct the amount of your cost that is over the value of the item you win. For example, if the item is a $50 gift certificate or an item with fair market value of $50 and your winning bid is $80, you could deduct $30. Be sure to get a receipt showing what you paid and what the value of the item is that you won.

This is the same rule as with any donation - if you get something for the donation, you have to subtract the value of what you get from your donation to get the deductible amount.

If the sponsoring organization doesn't have 501(c)3 designation, you can't deduct it. So if it's sponsored by the Red Cross, it's deductible; if your neighbor sets up an auction to benefit the wildfire victims, even if all the proceeds go for a charitable purpose, it would not be deductible assuming he hasn't gone through the steps to get 501(c)3 designation.

Answer 3

purely a registered nonprofit might solicit donations. the type of things relies upon on your purpose bidders we've auctioned off felony amenities, 10 hours of toddler Sitting provider, present certificates. present Baskets, Dinner for 4 at a community eating place, food market present enjoying cards etc.