What is Deductible?
Cash, Check, Money Order, Etc
Any monetary contribution of any kind is deductible.
These types of donations are deductible up to their full value, which is determined by you. By federal law, we are not able to assign a value to this kind of contribution. An in-kind contribution involves the transfer of any kind of asset, whether it be a parcel of land, a cell phone or a box of sticky notes.
Contributions Where You Receive a Benefit
There are limits on what you can deduct if you make a contribution and receive a benefit. Example: We are selling a printer valued at $200 for $200. You decide you want to be charitable and pay us $300. The amount of the transaction in excess of the value you received is deductible, which is only $100 in this case.