Steam Gifts = Tax Credit?

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Just as a thought, would donating games through SteamGifts be considered a donation to charity and thus eligible for tax credits?

13 years ago*

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8 Comments

fradigit

Somehow I don't think so..........

13 years ago

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Raiden

Wait,maybe if....or what about...nahhhhhhhhh :P

13 years ago

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Denzi

I doubt it, given how Steamgifts is not actually a charity. If you could get tax credit through steamgifts in this way then you could also get tax credit for buying your friend a game.

Alternatively, you could possibly get tax credits on the humble bundles given you are actually giving money to charities there.

13 years ago

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Alchemistlord

This.

13 years ago

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TheKisho

Only registered charities which you get a receipt from the charity itself count towards tax credits. [Charities with a registered charity number given to them by the government]. Alternatively you most likely have to pay taxes on the games you buy for gifting. (See tax laws in the country you are filing in and for).

Short answer SteamGifts is NOT a registered charity therefore is not eligible for any tax credits. This will never change.

The Humble Bundles possibly can be claimed but you must read their FAQ else if the Taxman comes for you and you cannot prove that they are an eligible charity you gave the money to and how much you gave to each, you could be SOL. (Not sure how it works when their is a person in the middle handling your donations).

Alternatively SteamGifts could possibly claim infrastructure costs for this site as a business expense.

[Don't get me wrong this info is not a substitute for professional advice].

13 years ago

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Cult

This person is correct.

13 years ago

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Gabriel572

Yeah, my family Xmas gifts are considered for tax credits! woohooooooooooo