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How to Deduct Volunteer Charity
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The donations that charities receive are completely free of taxes, and the people who make the donations c… More
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Learn how to deduct volunteer charity on your annual taxes with expert tax advice in this free online self… More
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Summary: Learn how to deduct volunteer charity on your annual taxes with expert tax advice in this free online self employment tax deduction video clip.
Tom Choisnet was born, raised, and educated in San Bernardino, California where he has his practice today. He has been in self-employed tax practice for over 40 years and he has been...read more
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"Hi, I’m Tom Choisnet, enrolled agent; and here we are going to talk a little bit about volunteer charity. I didn’t cover it in the earlier segments on charity but it is worthy to know because while your time itself is not deductible, you can build up a pretty good little deduction here. The mileage is now deductible at twenty cents a mile, and any of the supplies and equipment that you buy that can be directly related to the charity. For example if you do a church newsletter for example and you buy a printer so that you can get it out, that would be deductible. And I have had cases in my practice where coaches would buy athletic equipment for the needy students in their school and donate that and I have even seen weight lifting equipment and that type of thing added in so volunteer expenses, kids sports, take a little look at what you are spending on those things and take a little deduction for volunteer charity. You have got my blessing, I’m Tom Choisnet, thank you. "
eHow Article: How to Deduct Volunteer Charity
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