Volunteering for a qualified charity can benefit more than your community — it may also provide tax savings. The time you spend volunteering for charity isn’t tax-deductible. However, some of your unreimbursed expenses directly related to volunteer work may qualify, including travel expenses (such as airfare, auto mileage, tolls, parking, lodging and meals), uniforms and supplies. To claim these deductions, you must itemize deductions on your tax return and maintain proper documentation, such as receipts and mileage logs. It’s also important to confirm that both the organization and the expenses qualify under IRS guidelines before claiming a deduction. Contact us for help.
