Tax Deductions For Donations
June 22nd, 2010
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Question: I’m making a donation for someone else, can they get the tax deduction?
A friend gave me a gift card to sell on ebay (they don’t have an account) and told me to send the proceeds to a specific charity instead of writing them a check, cashing it, then they have to write out another check to the charity. Can I send the proceeds to the charity and have them use the receipt from the donation at tax time for the deduction??
Answer: Depending on the amount the card sells for, it may not be worth it to deduct it. If your friend is filing the short form, meaning he or she has no specialized deductions or other donations, that friend will have to file on the long form to take the deduction and if it’s a small amount of money, it may not be worth the extra effort.
That said, you can make the donation in his or her name, but if you make it by check or credit card, your name and address will have to be used to verify payment so it could get a little difficult to get a receipt with his or her name on it.
What you might be able to do is donate cash in person to a local charity and have them put your friend’s information on the receipt.
Really the most sure fire way to ensure that receipt is in order for tax purposes is to have the friend donate the money his or herself.
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