I’m a little confused about how to donate my money to the charity of my choice.
Is there a way to give directly to the team, or do I have to give some money to a charity that has a charitable exemption?
Thanks for the clarification.
The NFL is not required to file tax returns for the Mississippi charitable registrations, which are a separate form of charitable income that is taxed on its own, but the NFL has to file its taxes in a separate tax-filing period, which can take years.
This means that if I give to the Mississippi charity directly and it gets its tax refunded within a few months, I’ll get no tax deduction.
That’s because the NFL isn’t required to report any income from charitable donations on its tax return.
However, if I donate money to another charity, the NFL will report that money on its income tax return, even though the charitable donation was made directly to that other charity.
For more information about charitable donations and exemptions, visit IRS.gov/charitable donations, or contact your local IRS office.