It’s fairly easy to keep track of monetary donations to charitable organizations. You’ll generally have receipts or thank-you notes that include the cash value you donated, and that amount can be plugged right into your tax return. But how do you deduct volunteer work? While you can’t deduct the value of the services you’re providing to the charity, you can deduct expenses related to volunteering. You may often deduct out-of-pocket costs related to work for charitable organizations, such as:
- Out-of-town travel costs: transportation, lodging, meals, etc.
- Gas, parking fees, and tolls, if you use your car for volunteer work
- Uniform-related expenses, i.e. purchase and cleaning costs
- Expenses incurred entertaining others on behalf of a charity
Of course, if any of these costs were reimbursed by the charity, they’re no longer eligible to be deducted on your tax return.
Want to learn more about the rules and regulations surrounding volunteer-related tax deductions? Call Taxation Solutions, Inc. today. We’re the Atlanta area’s best choice for tax resolution services, staffed with knowledgeable pros who are committed to keeping our clients IRS compliant. We’ll answer any questions you have!