Blood Donations--Tax deductable?
04-26-2007, 06:10 AM
#2
On Reserve
Joined APC: Aug 2006
Posts: 15
Hard to put a value on it I guess.
Why Can't My Blood Donation Be Tax Deductible?
The Red Cross receives only voluntary donations for blood. Voluntary donations encourage people to give out of altruistic motivations and to support a safe blood supply in the United States. The Red Cross does not provide monetary or other incentives, such as free blood tests, tax deductions or food credits to potential donors. This policy helps us to be sure that all blood donations to the American Red Cross are strictly and truly voluntary.
Why Can't My Blood Donation Be Tax Deductible?
The Red Cross receives only voluntary donations for blood. Voluntary donations encourage people to give out of altruistic motivations and to support a safe blood supply in the United States. The Red Cross does not provide monetary or other incentives, such as free blood tests, tax deductions or food credits to potential donors. This policy helps us to be sure that all blood donations to the American Red Cross are strictly and truly voluntary.
04-26-2007, 07:18 AM
#4
APC co-founder
Joined APC: Feb 2005
Position: B777
Posts: 5,853
Interesting that "truly voluntary" donations of goods and some services to other altruistic organizations such as the Salvation Army and Goodwill are tax deductible but giving of yourself (literally) is not.
Don't stop donating though! Blood donations save lives!
Don't stop donating though! Blood donations save lives!
Originally Posted by Sean Smith
Hard to put a value on it I guess.
Why Can't My Blood Donation Be Tax Deductible?
The Red Cross receives only voluntary donations for blood. Voluntary donations encourage people to give out of altruistic motivations and to support a safe blood supply in the United States. The Red Cross does not provide monetary or other incentives, such as free blood tests, tax deductions or food credits to potential donors. This policy helps us to be sure that all blood donations to the American Red Cross are strictly and truly voluntary.
Why Can't My Blood Donation Be Tax Deductible?
The Red Cross receives only voluntary donations for blood. Voluntary donations encourage people to give out of altruistic motivations and to support a safe blood supply in the United States. The Red Cross does not provide monetary or other incentives, such as free blood tests, tax deductions or food credits to potential donors. This policy helps us to be sure that all blood donations to the American Red Cross are strictly and truly voluntary.
04-26-2007, 09:34 AM
#5
Administrator
Joined APC: May 2006
Position: C-172
Posts: 8,024
I once had a client ask if he could deduct his donation to the sperm bank (he did not get paid for his efforts, just got a free magazine). Tongue in cheek, I said perhaps he could get an exemption after a baby is born.
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