If you buy University of Dayton basketball tickets in the lower arena and pay for a seat license, current tax law lets you deduct 80 percent of that expense as a charitable deduction.
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That benefit is going away in 2018, said William Duncan, a certified public accountant with the Dayton firm of Thorn, Lewis & Duncan.
So the university is inviting season ticket-holders pre-pay for seat licenses in 2017, Duncan said, which Adam Tschuor, associate athletics director for revenue and partnerships at UD, confirmed on Wednesday.
“We have opened up to our lower arena season ticket-holders the ability to pre-pay next year and beyond’s Arena Seating Program donation before the tax law changes this new year,” Tschuor said in an email.
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UD says its “Arena Seating Program” (or ASP) supports all 17 Flyer athletic programs.
There are four levels of support: Gold for donations of $2,500 and above, silver for $1,000 to $2,499, bronze for $500 to $999 and blue for all other ticket-holders.
“It may be to your advantage to pay for next season’s ASP donation or beyond before Jan. 1, 2018,” the university said in a letter sent to ticket-holders just last week. “These payments would still be tax deductible under existing tax law.”
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Tschuor said the university has always allowed fans to pre-pay their “ASP donation in all the way up to the conclusion of the announced ASP cycle.”
Another change: Your UD tickets will no longer be tax-deductible as a business entertainment expense.
“If you’re a businessperson and you want to take clients to the UD game next, you’re not going to be allowed to take a tax deduction for the entertainment value of those tickets,” Duncan said.
Federal tax deduction changes affect similar programs at all U.S. universities.
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