SEABISCUIT'S LEGACY | Non-Acceptable Gifts
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The IDA Will Not Accept
  • Donation of time or professional services, as these are non-deductible by law.
  • Donated space, rent or large ticket items like cars or boats.
  • Volunteer work. However there may be some deductions available for expenses incurred during volunteer work.

 

If you pay for rented equipment for the production of Seabiscuit’s Legacy, that is tax-deductible. But any services you render using that equipment are not tax-deductible. For example; if an editor donates professional services and the use of their personal or company equipment, the IDA would issue a receipt for the donated rental of the equipment, but not for the editor’s time. That is considered volunteer work by the IRS. Please contact your tax provider for more information.