Posts Tagged: volunteer

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25 Days of Giving: What the “No Smile” Rule Means for Your Taxes

The title of this sounds pretty lacking in the “merry and bright” department…especially considering this is the 25 Days of Giving series! But, the name here describes an little-known deduction beneficial for volunteers…and nonprofits to stress to volunteers to indeed encourage more volunteering! The IRS does NOT allow a¬†charitable deduction for volunteering your services. However,… Read more »

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Volunteering time NOT tax deductible, but out-of-pocket expenses ARE

One way to give to charity is through donating your time, energy, and skills to the causes you care most about. The IRS does not allow a charitable deduction for volunteering your services. However, out-of-pocket expenses relating to volunteering are deductible. Out-of-pocket expenses are deductible if the expenses are: unreimbursed; directly connected with the services;… Read more »