Frazer LLP Blog

What can you deduct when volunteering?

Nov 6, 2018 5:22:00 AM / by Cindy Lim, CPA posted in Tax, Community Involvement, deductions

0 Comments

 

Because donations to charity of cash or property generally are tax deductible (if you itemize), it only seems logical that the donation of something even more valuable to you — your time — would also be deductible. Unfortunately, that’s not the case.

Donations of time or services aren’t deductible. It doesn’t matter if it’s simple administrative work, such as checking in attendees at a fundraising event, or if it’s work requiring significant experience and expertise that would be much more costly to the charity if it had to pay for it, such as skilled carpentry or legal counsel.

However, you potentially can deduct out-of-pocket costs associated with your volunteer work.

 

 

Read More

Feed the Children

Nov 17, 2017 1:51:36 PM / by Rachel Lane posted in Community Involvement, With you for you, Feed the children, Cal Poly-Pomona

0 Comments


Frazer, LLP and Cal Poly-Pomona join forces to support Feed the Children

Read More

Subscribe to Email Updates

Recent Posts

Popular Posts