Deduct those cookies

Last week I complained about how yummy those Peanut Butter Patty Girl Scout cookies were, today I came across and article telling you how you can actually deduct them from your taxes – no not deduct them from your fat cells. So here is the skinny for all you addicts out there, you can deduct them if you don’t eat them. What? Who in their right mind buys Girl Scout cookies and then doesn’t eat them? Here’s the info –

Q: Is the purchase of Girl Scout Cookies tax-deductible?

A: No and Yes.

* No, if the customer keeps the cookies. Individuals who buy Girl Scout Cookies and take the cookies home, or consume them, have purchased a product at a fair market value. For this reason, no part of the price of a box of Girl Scout Cookies used in this way is tax-deductible.

* Yes, if the customer leaves the cookies with Girl Scouts. Many Girl Scouts ask customers to pay for one or more boxes of cookies for use in their community service project, for example, collecting for a food pantry. The customers not receiving any Girl Scout Cookies do not benefit directly from paying for them. Those individuals may treat the purchase price of the donated cookies as a charitable contribution.

Well, I guess I won’t be getting any added tax deductions from those already long gone Peanut Butter Patties. 😀

Last week I complained about how yummy those Peanut Butter Patty Girl Scout cookies were, today I came across and article telling you how you can actually deduct them from your taxes – no not deduct them from your fat cells. So here is the skinny for all you addicts out there, you can deduct them if you don’t eat them. What? Who in their right mind buys Girl Scout cookies and then doesn’t eat them? Here’s the info –

Q: Is the purchase of Girl Scout Cookies tax-deductible?

A: No and Yes.

* No, if the customer keeps the cookies. Individuals who buy Girl Scout Cookies and take the cookies home, or consume them, have purchased a product at a fair market value. For this reason, no part of the price of a box of Girl Scout Cookies used in this way is tax-deductible.

* Yes, if the customer leaves the cookies with Girl Scouts. Many Girl Scouts ask customers to pay for one or more boxes of cookies for use in their community service project, for example, collecting for a food pantry. The customers not receiving any Girl Scout Cookies do not benefit directly from paying for them. Those individuals may treat the purchase price of the donated cookies as a charitable contribution.

Well, I guess I won’t be getting any added tax deductions from those already long gone Peanut Butter Patties. 😀

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