Tom Copeland Please

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  • grandmom
    Daycare.com Member
    • Mar 2010
    • 766

    Tom Copeland Please

    Tom,

    Tax question. Can I write a check from my business account to a parent who is no longer here and call it "reimbursement"?

    I want to give more than the $25 allowed "gift" to a family who lost a child. I know it sounds tacky but how deductible would this be?

    Please folks, don't judge me. I can't afford much, but my business can pitch in some too.

    Thanks.
  • Michael
    Founder & Owner-Daycare.com
    • Aug 2007
    • 7950

    #2
    Here are some previous threads on gift deductions: https://www.daycare.com/forum/tags.p...uction+-+gifts

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