You probably know that any donations you give to charity are tax deductible. But did you realize that you can also deduct expenses related to volunteer work? While you can’t make a claim as to the value of the work you did as a volunteer, you can claim any costs you incurred as a result. For instance, you can deduct:
- Travel expenses and meals, if the primary purpose of the trip was to volunteer for a charity
- Unreimbursed expenses related to your vehicle, such as gas and parking fees
- Expenses related to any uniform you wear while volunteering (cleaning fees, etc.)
- Expenses incurred while entertaining others on a charity’s behalf, such as meals purchased for potential investors
Taxation Solutions, Inc. is standing by to assist you in determining whether your past volunteer work had any deductible expenses attached. We’re the Virginia Beach area’s experienced source for tax help, with more than 40 years of combined experience among our tax resolution specialists. We want to get you the best possible results in your dealings with the tax authorities, and that means maximizing your refund or minimizing what you owe—without ever taking you out of IRS compliance.
Want to learn more about the deductions you may be eligible for? Call or e-mail Taxation Solutions, Inc. today!