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Big Tax Tip

A-Z

Tax Deductions Available for Bigs

It’s that time of year again to begin calculating and filing your federal income tax. BBBSA is pleased to inform you that Bigs are entitled to the following tax deductions:

  • Deduct $.14 cents per mile incurred in picking up and driving the Little around.
  • You may also deduct the cost of meals, movie tickets, museum admissions, etc. which you spend for the Little. However, you cannot deduct the costs you incur for your own meals, tickets. etc.

While BBBSA encourages quality time rather than money spent on the Little to be most important in the relationship, we trust that you will find the above information welcome and useful.

This imformation was provided to agencies by Big Brothers Big Sisters of America. You should confirm the applicability with your tax consultant.
Copyright 2006. Big Brothers Big Sisters of Greater Rochester. 990 Form on Guidestar.com | Team Room