
WASHINGTON, D.C. (The Adobo Chronicles) – It’s that time of the year when U.S. taxpayers start receiving their tax forms like W-2’s and 1099’s, as well as their donation receipts for their 2014 charitable donations which are fully tax-deductible (unless they received goods or services as part of their donations).
The summer of 2014 saw one of the most successful donation campaigns in nonprofit history — the Ice Bucket Challenge to benefit the ALS Association. It was a campaign that went viral worldwide, raising hundreds of millions of dollars for ALS research.
As Americans begin to file their 2014 income tax returns, the Internal Revenue Service (IRS) announced a ruling that only 80% of donations to the Ice Bucket Challenge is tax-deductible. The remaining 20% will be used by state governments to make up for all the water that went to waste as a result of the ice bucket challenge campaign.
In California, which continues to experience a severe drought, taxpayers can only deduct 60% of their donation to the Ice Bucket Challenge.
Taxpayers who made donations to the campaign are advised to consult with their tax attorneys to avoid being audited by the IRS.
Dublin, Ireland (The Adobo Chronicles) – There’s a different kind of Ice Bucket Challenge happening in Ireland. Men are pouring buckets of ice cold beer over their heads while nuns are praying for a cure for this neurodegenerative disease called ALS.
The Redemptoristine Nuns of Dublin think so. While they continue to pray for divine intervention to help find a cure for Lou Gehrig’s disease, they also believe that prayer alone will not do the trick. So they participated in their own Ice Bucket Challenge in the Abbey courtyard, and boy, did they have some fun.
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