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Kick off bigger charitable deductions for tickets

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in Small Business Tax

Q. As a New York Jets season-ticket holder, I’m obligated to buy tickets to exhibition games. Can I deduct 80 percent of the cost of these tickets if I donate them to Big Brothers or some other charity? P.P.R., Madison, N.J.

A. Actually, you can deduct the price you could’ve secured for the tickets if you’d sold them instead of donating them to charity. To be on the safe side, claim a proportionate amount for the tickets to the pre-season games. Example: If you had to buy a total of 10 games at $750 ($75 per game), you can deduct $300 for donating four tickets to one game; $600 for donating four tickets to two games; etc. Tip: The 80 percent rule comes into play only for donations to organizations such as college booster clubs that give you the right to buy tickets at sporting events.

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