Are raffle tickets tax deductible?

Answer According to Internal Revenue Service (IRS) Publication 526, you cannot deduct on your tax return any costs associated with playing raffles, bingo, the lottery or any other game of chance as a char... Read More »

Top Q&A For: Are raffle tickets tax deductible

Do raffle tickets have to be numbered?

Raffle tickets can be printed or purchased in almost any way you could imagine. Raffle tickets do not have to be numbered. Numbered raffle tickets however, are the most commonly used tickets for gi... Read More »

Are raffle tickets legal?

The legality of selling raffle tickets depends on the state in which you reside, according to Raffle FAQ. Some states, such as Arkansas, Kansas and Hawaii, consider them illegal. Others may allow t... Read More »

How to Fold Raffle Tickets?

To coincide with many school field days, fund-raisers and sporting events, often one way to raise money is to hold a raffle. While some tickets are simply numbered, other times a raffle ticket is a... Read More »

How to Make Raffle Tickets?

Raffle tickets are a common way many organizations and clubs choose to earn money. Most of these entities find a company to donate a product and then sell tickets giving people a chance to win the ... Read More »