[llvm-commits] CVS: llvm-www/Funding.html

[Jeff Cohen]

Reid Spencer wrote:
> On Thu, 2007-04-12 at 20:38 -0700, Bill Wendling wrote:
>   
>> On Apr 12, 2007, at 5:25 AM, Reid Spencer wrote:
>>
>>     
>>> +   <p><b>Tax Exempt</b>. Your donations are tax exempt in the  
>>> United States (and
>>> +   probably other countries). UIUC is a recognized non-profit  
>>> organization.
>>> +   Reciepts are available upon request.</p>
>>> +   <p>
>>>       
>> "Exempt" or "Deductible"?
>>     
>
> I dunno. You can legally claim it as a charitable donation. Whether that
> makes it an exemption or a deduction or even what those two words mean
> in the gobbledy gook of Title 26, I have no idea.  I'm not a tax
> lawyer. 
>
> Reid.

You can deduct it assuming (1) you itemize your deductions on Schedule 
A, and (2) your deductions are not limited because you make too much 
money.  I think it is still deductible under the alternative minimum tax.

April 16 is right around the corner :)