August 07th, 2016
TAX TIP OF THE DAY... deduct volunteering for a charity or non-profit
There is no deduction for your time. But you can deduct mileage for charitable driving, parking and tolls. Deduct out-of-pocket costs such as postage, ingredients, cell phone & home internet. Get a written acknowledgement from the charity and save receipts.
SHARE WITH A FRIEND.
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David S. Baboian, CPA