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Reply to "I don't even know how to title this question but it has to do with taxes"
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[quote=Anonymous][quote=Anonymous]Chances are you take the standard deduction and don't itemize, meaning do you deduct your state income taxes and each individual charitable deduction on schedule A, or do you just take the standard $6,100 on line 7 of your 1040? If you don't itemize at all then it doesn't matter. If you do itemize, then you could take a deduction on schedule A for the portion of the cost that was a charitable contribution to the SPCA. Generally in a situation like this the charity will give you a receipt telling you how much was a charitable deduction and how much was the fair market cost of the party. If you don't have that, you shouldn't/I wouldn't take the deduction, but I suppose you could try to figure out what the cost of the party was (including space rental and whatever else they did for you) and deduct whatever the extra cost to you was.[/quote] Yes, itemizing! That's the word I couldn't think of, thank you. I normally neither itemize NOR make any charitable contributions. [/quote]
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