Hello gojohns-ga,
According to IRS Publication 526, ?Charitable Contributions?, the
value of your time or services is not deductible as a charitable
contribution.
Department of the Treasury
Internal Revenue Service
Publication 526 Contents (Rev. December 2003), Cat. No. 15050
Charitable Contributions
http://www.irs.gov/app/scripts/redirectPDF.jsp?dest=/pub/irs-pdf/p526.pdf
See Table 1. Examples of Charitable Contributions?A Quick Check.
?Value of your time or services? is listed in the column titled ?Not
Deductible As Charitable Contributions?.
See Table 2. Volunteers? Questions and Answers
?I do volunteer work 6 hours a week in the office of a qualified
organization. The receptionist is paid $6 an hour to do the same work
I do. Can I deduct $36 a week for my time?
No, you cannot deduct the value of your time or services.?
See also page 5, ?Contributions You Cannot Deduct?.
?4) The value of your time or services?
Also, on page 6, in the paragraph titled ?Value of Time or Services?, it states:
?You cannot deduct the value of your time or services, including:
- Blood donations to the Red Cross or to blood banks, and
- The value of income lost while you work as an unpaid volunteer for a
qualified organization.?
You can find this document by going to the IRS webpage.
http://www.irs.gov
Click on ?Forms and Publications? on the left side of the page under
the search box.
http://www.irs.gov/formspubs/index.html
Click on ?Forms and Publications by Number?.
http://www.irs.gov/formspubs/lists/0,,id=97796,00.html
In the list of forms and publications, scroll down to Publication 526,
Charitable Contributions. Highlight that document and click on ?Review
Selected Files?. This takes you to the download page.
http://www.irs.gov/app/scripts/retriever.jsp
I hope you have found this information helpful. If you have any
questions, please request clarification prior to rating the answer.
Googlenut
Search Strategy:
I searched ?Forms and Publications? at the IRS webpage for ?charitable
contributions?.
http://www.irs.gov |
