![]() ![]() Pease limitations may limit your gifts even more (for info on 2017 Pease limitations, check out this post). Don't you think that the cost of the donated vehicle would be less than maintaining two hoardings for a couple of years. You can deduct cash contributions up to 50 of AGI. ![]() Compare the cost of that vehicle with the cost of putting up two a hoarding of a comparable size for say a couple of years. The donated vehicle displays on both sides the name of the donor "sponsored by XYZ Ltd". Take a case when a company donates a vehicle to be used as an ambulance by a charitable association providing transportation for sick persons. There was a decision of a HC where the person receiving the money termed it as a donation while the paying entity showed it as publicity expenditure and the HC decided that the nomenclature used by the receiving entity is immaterial if the paying entity has received adequate publicity. Employer-funded contributions and comparability rules. The donor can evaluate whether the publicity gained by him is commensurate with the amount paid by him "as donation" and make a suitable claim u/s 37. For 2017, D can contribute 4,375 to his HSA (half of the family coverage limit of 6,750 + the entire 1,000 catch-up contribution), and M can contribute 3,375 to her HSA (unless they agree on a different division). If the donor entity follows alternative "b", its name is shown somewhere. If you give them more than the federal rate, it counts as income for the volunteer. That means you can reimburse volunteers 0.08 or 0.14 but not over 0.14. In case the donor follows the alternative "a" - the only recourse is either get a deduction under 80G, if available or settle for disallowance. As a charity, you can reimburse your volunteers up to the federal volunteer mileage rate or for the use of their car (with provided receipts). When a business entity pays a donation it can make the payment (a) as a secret contributor - the donor's name not shown anywhere or (b) as a donor whose name is shown somewhere. ![]()
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