The Six Weirdest Tax Loopholes
The strangest gaps in the U.S. tax code
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Tucked away in the U.S. tax code’s 4 million words are countless contradictions and write-offs. We asked accountants, tax lawyers, and professors to identify some of the strangest sections.
Courtside deduction
Many alumni can’t get tickets to their alma mater’s home games unless they make a special “donation” to the university. Under current law, 80 percent of such contributions are deductible. The Obama administration has proposed closing the loophole to raise an estimated $2.5 billion over the next decade.