Tripoli #002 THRC 916- 2nd Sat of Each Month at Hearne Tx Municipal Airport / South site 4th Saturday of each month February thru September
High Power Rocketry
Donate
“Donors can deduct contributions
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“Donors can deduct contributions.
“Donors can deduct contributions they make to Tripoli Houston under Internal Revenue Code Section 501c3
Donors can deduct contributions made under IRC Section 170
We are qualified to receive tax deductible bequests, transfers or gifts under Section 2055, 2106, or 2522”
The effective date of the exemption is Dec 21, 2018
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In some instances, people performing charitable duties (mileage but not compensation for time) on behalf of the non-profit club may deduct their expenses in fulfillment of those duties. There may be some exclusions, such as functioning as an officer of the club, so folks are encouraged to consult their tax attorney or accountant if claiming this one. That may encourage more folks to ‘serve’ the club in an official capacity.
For those of you that have been considering donating to the club, now you can get a rather large tax deduction for doing so if you itemize. Contributions to a 501c3 are deductible up to 50% of your AGI.
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Direct donations to our PayPal Tripolihouston@gmail.com
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