View Single Post
  #41   Report Post  
Posted to rec.woodworking
Swingman Swingman is offline
external usenet poster
 
Posts: 10,043
Default Raffling off a project for a cause

On 4/2/2013 10:43 PM, Mike M wrote:

Happy to hear that. It would be nice if there was a way to contribute
and have it tax deductible. I've gone 4 years now with out paying
income tax, and I enjoy not paying into the Ponzi scheme anymore then
necessary. Just a thought but might help her raise more money.



As I've said before, that was instigated by a family friend without my
knowledge or input, but from what I understand I don't think it is
possible for donations to an individual for medical purposes to be tax
deductible for the donor without the recipient being some kind of
registered 501(c) charitable organization.

I'm fairly certain that any donation is treated as a "gift" to the
recipient and as a result would not be taxable as income to the
recipient for Federal purposes.

--
eWoodShop: www.eWoodShop.com
Wood Shop: www.e-WoodShop.net
https://plus.google.com/114902129577517371552/posts
http://www.custommade.com/by/ewoodshop/
KarlCaillouet@ (the obvious)