Brookfield Zoo memberships are generally not tax-deductible, except for a portion of the Sustaining Unlimited membership. In this blog post, we’ll explore the details of Brookfield Zoo’s membership levels and their tax deductibility, as well as provide some general guidance on the tax deductibility of zoo memberships.
Membership Levels and Tax Deductibility
Brookfield Zoo offers several membership levels, each with its own tax deductibility considerations:
| Membership Level | Tax Deductibility |
|---|---|
| Sustaining Unlimited Membership | Partially tax-deductible, with an estimated non-deductible amount of $379 per year |
| Senior Basic, Individual Plus, Individual Unlimited, Family Basic, Family Plus, and Family Unlimited | Not tax-deductible, as the estimated fair market value of goods and services included exceeds the purchase price |
General Tax Deductibility of Zoo Memberships
In general, memberships to zoos are considered tax-deductible, but only the portion of the membership that is not for tangible property or goods and services received. This means that the deduction should be listed under contributions to charities on the Schedule A – Itemized Deductions.
Additional Tax Considerations
Brookfield Zoo also provides information on recent tax laws that may impact charitable giving, including qualified charitable distributions (QCDs) and the SECURE Act. It’s important to stay up-to-date on these changes and consult with a tax professional if you have any questions.
Contact Information for Tax Questions
If you have any questions regarding the tax deductibility of your Brookfield Zoo membership, you can contact the Membership department at (708) 688-8341 or [email protected].
In conclusion, while Brookfield Zoo memberships are generally not tax-deductible, there are some exceptions, such as the Sustaining Unlimited membership. It’s important to understand the details of your membership level and consult with a tax professional if you have any questions about the tax implications of your Brookfield Zoo membership.
References
- Brookfield Zoo. (n.d.). Membership at Brookfield Zoo Chicago. Retrieved from https://www.brookfieldzoo.org/membership
- Reddit. (2013, September 4). Has anyone ever bought a membership to the zoo or museums? Retrieved from https://www.reddit.com/r/chicago/comments/1lqm3t/has_anyone_ever_bought_a_membership_to_the_zoo_or/
- TurboTax. (2019, May 31). Is a zoo membership tax deductible? Retrieved from https://ttlc.intuit.com/community/tax-credits-deductions/discussion/is-a-zoo-membership-tax-deductible/00/31464
- MuseumDad.com. (n.d.). Membership at Brookfield Zoo. Retrieved from http://www.museumdad.com/museum/brookfield-zoo/membership
- Brookfield Zoo. (n.d.). Recent Tax Laws. Retrieved from https://www.brookfieldzoo.org/recenttaxlaws