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Post by mthollyaggie98 on Feb 5, 2019 18:47:00 GMT -5
Is this correct:
The new 2018 tax law will essentially remove that 80% deduction entirely; any contributions that are linked to the right to purchase season tickets will no longer be considered charitable donations. It’s a very common practice for athletic departments to require donations before alumni are able to purchase season tickets
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Post by mthollyaggie98 on Feb 5, 2019 18:48:32 GMT -5
So if I am reading this correctly, I can not claim any of my AAF donations....... I cant wait til Trump is out of office!!!
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Post by durhamgsoaggie on Feb 5, 2019 20:29:43 GMT -5
That is correct, unfortunately. Any donation outside of the March 31 priority window is tax-deductible.
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Post by birdieman on Feb 6, 2019 7:42:16 GMT -5
Suggest you check with your tax advisor. You may be able to deduct a percentage.
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DECKS
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Post by DECKS on Feb 6, 2019 9:31:32 GMT -5
Will the AAF be sending out donation receipts for all gifts received after March 31st?
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Post by durhamgsoaggie on Feb 6, 2019 9:44:31 GMT -5
Will the AAF be sending out donation receipts for all gifts received after March 31st? Should be coming from University Advancement. You should have gotten emails/letters from them after your 2018 gifts as well. |
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DECKS
Official BDF member
2008 Poster of the Year
Charter Member of the BDF
Posts: 10,401
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Post by DECKS on Feb 7, 2019 20:30:31 GMT -5
I received a letter today saying gifts to obtain preferred seating at university athletic events are no longer tax deductible. No mention of giving outside purchase priority dates.
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DECKS
Official BDF member
2008 Poster of the Year
Charter Member of the BDF
Posts: 10,401
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Post by DECKS on Feb 7, 2019 20:59:15 GMT -5
Ok, I nust went to Aggieboosters.com to see benefit value.
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