June --
Massage therapist , 1 year.
If I raise money doing massage and then write a check to a non-profit for the amount of the proceeds, is this considered a charitable gift and tax deductible if I am a sole proprietor (a personal deduction instead of a business deduction)?
Linda
Newton, MA
Dear Linda,
The money you receive for doing massage is self-employed income.
The money you give to a charity is a personal charitable deduction not a business expense.
There's a lot more info here expenses -- donated services or products .
-- June
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4 comments:
I think what this means is that the income gets taxed (self employment tax
etc.) and then anything I donate to the charity is considered a personal
deduction. Correct? Sorry to be so dense. Thank you for responding!
Linda
June Walker said...
Dear Linda,
You are correct.
To you and all indies: Never feel "dense" about asking and re-asking a tax question. Always clarify to make sure you and your tax pro have the same understanding.
Best,
June
This is nice excellent blog post, it is superb..
Thank you all for your generous comments. So glad to be of help.
And, no, I am not a professional journalist. However, some of my best friends are. And, also, many of my clients are journalists.
-- June
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