Wednesday, October 31, 2012

Happy Halloween...Can I write off candy I hand out?

Full moon, terrible storm ravaging the Northeast, election day rapidly approaching...what could go wrong?

The real question on this all Hallow's Eve is:

Can I get a tax deduction for the candy I give out?

Actually, yes.

If you are an individual, no, not at your front door. If you are a business, yes, if you link it to advertising/ordinary and reasonable business marketing type expenses.

However, you can also just be lazy at home, and send your leftovers to our troops. Apparently this DOES count as a tax write off for an individual. Learn how here.

Whatever you do, stay safe out there. And just for fun, send some well wishes to this poor little girl.
(video scouted by L. Stocker)

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