A contribution of your time isn't deductible, but if you incur out-of-pocket expenses in connection with a contribution of your services, you may be entitled to a deduction. Car and truck expenses are the most common example, but you might also have to buy a uniform, pay for a hotel room for an overnight stay, etc. The cost of transportation and stay at a convention you're required to attend would be another example. If you make a single contribution of more than $250 in unreimbursed expenses in order to perform donated services for an organization, then you must obtain a written acknowledgment from the organization containing:
- a description of the services you provided
- a statement of whether or not the organization provided goods or services in return for the contribution
- a description and good faith estimate of the value of goods or services, if any, that the organization provided in return for the contribution
- a statement that goods or services, if any, that an organization provided in return for the contribution consisted entirely of intangible religious benefits (if that was the case).
In addition, you must maintain adequate records of the unreimbursed expenses.
If you have any questions please contact us 954-591-8290 or use our Contact form.