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FAQ: Tax deductions for special-event tickets

Resource Center - Foundation

What portion of a special-event ticket is tax-deductible?

The tax-deductible or contributed portion of a ticket is the amount over and above the fair market value (FMV) of any benefits received. It is the responsibility of the organization putting on the event to determine the FMV and to inform the participants of the amount of the contributed portion.

The organization must make a good-faith estimate of what a comparable event would cost on an average day/night in a similar setting. The FMV of the event is deducted from the price of the ticket, and the remaining amount is the contributed portion. The host organization should inform participants in writing of the tax-deductible amount (either on the invitation or the receipt). The only way a donor may deduct the entire ticket price is to return the unused ticket to the host organization for resale.

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