Q. I have nonrefundable airline tickets that I don’t expect to use. Can I deduct the cost if I donate them to charity? S.B., Reston, Va.
A. Probably not. It’s unlikely that the airline will approve the gift because it generally insists that such tickets are “nontransferable.” The airline may allow you to apply an unused ticket to the value of another trip’s cost to a different destination (after deducting change fees).
But most airlines will require that the new ticket remain in your name, scuttling your charitable intentions. Usually, the tickets expire after one year.
Tip: On the other hand, you may be able to deduct the value of frequent flier miles donated to certain designated charities.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/26904/charitable-deduction-for-airline-tickets-grounded "