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If I make a donation to attend a charity event, what amount of the donation is tax deductible?

This is addressing the idea that when a taxpayer makes a donation, they are likely receiving consideration or a benefit in return.

For example, if the taxpayer paid $250 to attend a charity event, then the taxpayer needs to understand what the fair market value of the ticket is worth. The taxpayer can only deduct the excess paid over the fair market value of the ticket. So, if the ticket had a FMV of $100, then the taxpayer would only be able to deduct $150.


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    Yes, but only if the donation has a fair market value greater than $250. If the donation is less than $250, then you do not need to obtain a written confirmation/notice from the charity.

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