By accepting you will be accessing a service provided by a third-party external to https://www.allaboutnumbers.com/
As a volunteer of a 501(c)(3) tax-exempt organization, you can take advantage of tax breaks to save on your tax bill. While you can't deduct the value of your time or services (such as legal or medical services, that you would normally bill for) or the value of income lost while you work as an unpaid volunteer, you can deduct unreimbursed out-of-pocket costs incurred while volunteering.
Deductible costs include:
If your volunteer expenses are less than $250, you don't need an acknowledgment from the charity, but you should keep detailed records of your expenses in case you are ever questioned by the IRS. If your claimed expenses are $250 or more, you'll need to get official documentation directly from the charity. This written document should contain a description of the volunteering activity and the services provided, a statement of whether or not the charity provided you with any goods or services as a reimbursement, and a detailed listing of the out-of-pocket costs you incurred. If you have questions about your volunteer deductions, we can help—contact us today.
Tax Season Hours
Jan 15 thru April 15
Monday – Saturday, 8am-8pm
Monday – Thursday, 8:30am-5pm