Hi Cindy,
It would NOT hurt the rescue organization at all, this is part of the basic donor service they should be able to provide and it has no financial impact on their organization. It's just related to your personal income taxes.
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Jeff Okazaki
Humane Society of Jefferson County
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Original Message:
Sent: 02-12-2023 12:57 PM
From: Cindy Wilde
Subject: Taxes deductions for fosters?
Thanks for the information. Does it hurt the rescue financially if I as for a form for what I have paid? She is expensive as special needs and sometimes I spoil her with more toys and expensive rabbit dog treats as she has food sensities so single ingredient rabbit treats...the rescue has covered most of her medical and some medications I help where I can love her not doing it for the tax credit but might be a bonus since I never had human kids to deducted. :)
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Cindy Wilde
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Original Message:
Sent: 02-10-2023 06:54 AM
From: Jeff Okazaki
Subject: Taxes deductions for fosters?
You are able to take any donations, and you can also take unreimbursed expenses for things like food, supplies, and medical care as in-kind donations. You can even claim a prorated portion of your utilities towards the part of your home used to care for the animals. For amounts under 250 you need to itemize and document those items and have receipts. For items above $250, you'll need a more formal record with a tax statement from the primary organization detailing the amount paid and declaring that you were not reimbursed.
The big stickler is, unless you have significant expenses in these areas, it's unlikely that you'd reach a threshold above the standard deduction, especially since that has increased relatively recently. If you take the standard deduction, you would not itemize these individual items on your tax return and would not be able to claim any additional tax benefit.
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Jeff Okazaki
Humane Society of Jefferson County
Original Message:
Sent: 02-09-2023 02:06 PM
From: Tammy Fabian
Subject: Taxes deductions for fosters?
You can deduct what you paid as donations. You'll have to get the federal tax form from the rescue with the total donated.
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Tammy Fabian
Executive Director
Friends For Life Animal Rescue