Team Maker Dues and contributions

[kab1one]

with the change in tax laws many will not be able to use charitable contributions due to the doubling of standard deduction(s) and congress has changed the rules in regards to the 80% of team makers dues that is deemed a deduction for 2018.

With that said, I read on Any Given Saturday NDSU or Team makers is allowing you to pre pay 2018 dues to get the deduction in 2017. Someone noted that Oklahoma is allowing 3 year pre pay. I don't believe you technically would get the deduction, but that is OU's issue, should not be an issue for a one year deduction at NDSU.

Something to consider.

[tjbison]

with the change in tax laws many will not be able to use charitable contributions due to the doubling of standard deduction(s) and congress has changed the rules in regards to the 80% of team makers dues that is deemed a deduction for 2018.

With that said, I read on Any Given Saturday NDSU or Team makers is allowing you to pre pay 2018 dues to get the deduction in 2017. Someone noted that Oklahoma is allowing 3 year pre pay. I don't believe you technically would get the deduction, but that is OU's issue, should not be an issue for a one year deduction at NDSU.

Something to consider.

going to hurt groups like TM, some will no longer see any benefit

[kab1one]

going to hurt groups like TM, some will no longer see any benefit

That is correct. Pretty good discussion on AGS and what it will do to the effective cost of the tickets.

[MAKBison]

That is correct. Pretty good discussion on AGS and what it will do to the effective cost of the tickets.

i dont think the lions share of folks are giving for the write off...it is just a perk

[56BISON73]

with the change in tax laws many will not be able to use charitable contributions due to the doubling of standard deduction(s) and congress has changed the rules in regards to the 80% of team makers dues that is deemed a deduction for 2018.

With that said, I read on Any Given Saturday NDSU or Team makers is allowing you to pre pay 2018 dues to get the deduction in 2017. Someone noted that Oklahoma is allowing 3 year pre pay. I don't believe you technically would get the deduction, but that is OU's issue, should not be an issue for a one year deduction at NDSU.

Something to consider.

Dont for get to pre pay local and state taxes and your property taxes in advance as well.

[56BISON73]

i dont think the lions share of folks are giving for the write off...it is just a perk

This............

[Bison"FANatic"]

i dont think the lions share of folks are giving for the write off...it is just a perk

It won't make a difference for football, now basketball that may be a different story.

[kab1one]

This............

I tend to think the bigger dollar donors want every benefit from the gift they can get. So a 10k donation is worth 3k deduction to the donor.

[Hammerhead]

With the standard deduction for married couples goes up to $24K, we will be a long way from needing to itemize deductions.

[kab1one]

With the standard deduction for married couples goes up to $24K, we will be a long way from needing to itemize deductions.

The thought is if you are close to itemizing in 2017, prepay everything you can, charitable, taxes, mortgage a month early. Max deduction in 2017, then roll into the double standard deduction next year. For some can be worth a few thousand dollars.