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re: What do college athletic boosters get in return for their monies?

Posted on 1/3/24 at 2:46 pm to
Posted by LSURussian
Member since Feb 2005
128384 posts
Posted on 1/3/24 at 2:46 pm to
quote:

They do get a tax write off.
But only if, generally speaking, their total itemized deductions which includes charitable donations for a married couple filing jointly exceed the standard deduction of $27,700 for tax year 2023 or $29,200 for tax year 2024.

According to Intuit, maker of TurboTax, nearly 90% of taxpayers claim the standard deduction vs. itemized deductions.
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