Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
The cost of the camp is not deductible as a contribution under any circumstances.

There's other situations that seem really similar.

If I make a donation of $100 to a non-profit and they give me towels (or t-shirts or whatever) it is my understanding that I can claim on my taxes a donation of ($100-(value_of_gift)) - ex. towels are worth $30 and I sent them $100, my donation is $70 as far as IRS is concerned.

I don't know how you claim that the cost of camp is really worth only %60 of what everyone pays for it though.
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.