I bought a ticket to a Change for Children event for $60 but received a tax receipt for $40, why?
A. When a charity provides you with something of value in return for making a donation, this is considered a benefit, which is called an advantage. The advantage generally reduces the eligible amount of your donation for income tax purposes. In this case the meal you were provided at the event was valued at $20 and thus your charitable donation was for $40.
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