Are purchases at the ULC Store tax deductible?

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Purchases from the ULC store are tax deductible based on certain conditions.

Tax Deductions for Store Purchases:

  • If you do not earn income as a ULC minister, you cannot deduct the cost of supplies and materials.
  • If you are self-employed as a ULC minister (wedding ministry, for example) you may deduct business/operating expenses on Schedule C (report of profit or loss.)

Tax Deductions for Donations/Contributions:

  • Purchasing goods as gifts or for personal use is not a donation. You cannot deduct the expenses of your purchases claiming them as a donations.
  • Genuinely charitable contributions (donations) paid to non-profit organizations are deductible. They are subject to limitations imposed by the IRS.

We highly recommend the Zondervan Tax Guide for Ministers. This book an excellent source of up-to-date information, tips and guidelines for filing taxes as a minister.

For specific tax advice, please consult with a tax professional.

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