Slinky donated $300 to the Red Cross in September CY as part of their annual donation drive. As part of this donation, Slinky went into the draw to win a new car. Based on the above facts and relevant tax laws, can Slinky claim the $300 as an allowable deduction?

Answer rating: 100% (QA)

Yes Slinky can claim the 300 donation to the Red Cross as an all... View the full answer