Hi there, I am wondering if donations to a 50/50 lotto fund through a hospital foundation are considered charitable donations? I have spent $5 per paycheck all year

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Hi there, I am wondering if donations to a 50/50 lotto fund through a hospital foundation are considered charitable donations? I have spent $5 per paycheck all year

Hi, thank you for using Intuit Turbo Tax Live Community

Generally if there is a benefit attached, the amount given is not a charitable donation. Also for donations you would receive an official receipt for tax purposes.

So institutions will mention in their promotional information whether or not the donation is a charitable donation. They will have information such as this:

"IS MY TICKET PURCHASE TAX DEDUCTIBLE? No. Prizes won are not taxable. Therefore, a ticket purchase cannot be used as a tax deduction. "

And in the above example an official donation receipt for tax purposes would not be issued

Hope this helps

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Hi there, I am wondering if donations to a 50/50 lotto fund through a hospital foundation are considered charitable donations? I have spent $5 per paycheck all year

Hi, thank you for using Intuit Turbo Tax Live Community

Generally if there is a benefit attached, the amount given is not a charitable donation. Also for donations you would receive an official receipt for tax purposes.

So institutions will mention in their promotional information whether or not the donation is a charitable donation. They will have information such as this:

"IS MY TICKET PURCHASE TAX DEDUCTIBLE? No. Prizes won are not taxable. Therefore, a ticket purchase cannot be used as a tax deduction. "

And in the above example an official donation receipt for tax purposes would not be issued

Hope this helps