Taxpayers frequently wonder if they can deduct the value of their time when they volunteer for a charitable organization. Unfortunately, the IRS does not allow you to deduct your volunteer time on your taxes. However, that doesn’t mean that there are no tax benefits related to volunteer work. You can deduct some related expenses when you volunteer for a qualified charitable organization. Keep reading to learn more!
If you travel away from home for the express purpose of volunteer work for a qualified charity, you may be able to deduct many of your related expenses, including:
- Travel costs
Keep in mind that for these expenses to be deductible, the purpose of your travel must primarily be for volunteer work. You can’t fly to Hawaii for a two-week vacation, spend one day volunteering at an animal shelter, and then write off the entire vacation as a deduction!
If you have questions about whether specific travel expenses related to volunteering can be deducted as a charitable donation, just ask! Taxation Solutions, Inc. can offer expert guidance on this, and just about any other, tax issue, and we’re happy to provide you with the knowledgeable tax help you need. Call now!