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Are tickets and sponsorships considered business expenses? Is the ticket cost tax deductible?

April 26, 2017Business COST deductible expenses Sponsorships tax tickets

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Are tickets and sponsorships considered business expenses? Is the ticket cost tax deductible?

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Generally any gift to a 501(c)3 organization is both deductible and expensable to the extent that the cost exceeds tangible benefits. Please consult your tax advisor for particulars in your case.