Originally Posted by
K-Roll
Question: when making quilts for charity, does anyone writing off the donation(s) on their taxes? Just curious!
I know that monetary donations and other gifts to charity are deductible.
(I haven't started on a quilt yet because 2 other (non-quilt) projects are not finished; now I'm thinking I should just bite the bullet and start without waiting for everything else to be finished.)
If you donate a quilt to charity you can deduct the cost of the materials used if you have receipts. You cannot deduct anything for your time. If you are a professional who regularly sells quilts for many thousands of dollars you can still only deduct the amount that you spent for the materials in that specific quilt. This is something that artists have been fighting for many years. As a fine artist and jeweler I often get asked to donate paintings or jewelry to various charity auctions for which I can only deduct the cost of materials even if they raised much more than that in the auction. At this point I'd rather just donate money and take the deduction unless it's for a cause that is very important to me.
Rob