Donors need a written acknowledgment for their taxes, and the deductible amount isn't always the full amount paid. Redswing handles the math.
- On the Tax receipts tab, enter your EIN (Tax ID) and mailing address, then Save tax info. (These are required before you can download letters.)
- Set the fair-market value per player — the value of the round, cart, meals, and gifts a player receives. The deductible portion of a registration is the price minus this value, times the number of players. Leave it at $0 if the registration is purely a donation.
- Auction winners may deduct only what they paid above the item's fair market value. Direct gifts with nothing received in return are generally deductible to a 501(c)(3). The $5 Redswing booking fee is never deductible. Ask your tax advisor.
Automatic IRS "quid pro quo" notice: When a payment is over $75 and the player receives something of value (FMV above $0), Redswing automatically shows a Tax deductibility notice at checkout spelling out the deductible portion. You don't write this — it's generated from your settings.
When you're ready, click Download all letters (PDF) for personalized acknowledgment letters for every contributor. There's also a one-time compliance acknowledgment you complete before your first event.