Educational Tax Benefits

Is the total amount I contributed to my college in exchange for football stadium tickets deductible ?


No. If you make a contribution to a college and receive the right to buy football tickets, then the amount of the contribution is limited to 80% of the contribution to the school. The deduction is allowed only to the extent that you received the right to purchase the tickets rather than the ticket costs themselves.
Answer Provided by: CPAdirectory

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