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working for a charity
Oct 18, 2012 06:41:55 #
I was asked to do some work for a charity for free and was wondering about taking a donation receipt for payment. I didn't know if the IRS allows that or not.
Oct 18, 2012 07:25:22 #
Oct 18, 2012 07:50:33 #
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Oct 18, 2012 08:20:51 #
absolutely...
i do a lot of photography for charitable organizations. i just do it because i want to and i don't write out a receipt/invoice for tax purposes. kinda is ironic to me.
i do a lot of photography for charitable organizations. i just do it because i want to and i don't write out a receipt/invoice for tax purposes. kinda is ironic to me.
Oct 18, 2012 08:24:37 #
dasloaf wrote:
I was asked to do some work for a charity for free and was wondering about taking a donation receipt for payment. I didn't know if the IRS allows that or not.
Yes, it does count as a deduction. Even your mileage there and back can be deducted. Just be sure to get a receipt showing the hours you put in. Just be sure it is an accedited charity - with a number on their receipt - if you plan to take a deduction.
Oct 19, 2012 07:54:57 #
No. You can't take a donation for professional services/time you donate, only for actual out of pocket expenses incurred in making the donation, e.g., mileage to and from; cost of renting equipment for the job, etc. Buying equipment or items which you will own and use, no.
http://www.efile.com/tax-deduction/income-deduction/charitable-contributions/
http://www.efile.com/tax-deduction/income-deduction/charitable-contributions/
Oct 19, 2012 07:58:52 #
joehel2 wrote:
No. You can't take a donation for professional services/time you donate, only for actual out of pocket expenses incurred in making the donation, e.g., mileage to and from; cost of renting equipment for the job, etc. Buying equipment or items which you will own and use, no.
http://www.efile.com/tax-deduction/income-deduction/charitable-contributions/
http://www.efile.com/tax-deduction/income-deduction/charitable-contributions/
Thanks for posting that link.
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Oct 19, 2012 13:03:05 #
The cost of materials used to print images for the charity can also be ducted. Get the reciept with the charity's tax ID # on it.
Oct 19, 2012 13:24:20 #
Oct 19, 2012 13:38:16 #
Old Timer wrote:
What is your motive? Charity or tax write off?
Your motive should be charity, but the tax laws allow you to deduct actual expenses and mileage (but I think only $0.14/mi) so you should do that.
You cannot deduct the value of the session - only direct expense. So if the session and images would be worth $1000.00, you CANNOT deduct that. But if you printed the images you can deduct the actual printing cost. If you deliver images on a CD, you can deduct the $0.25 for the CD.
Suggesting that taking the allowable deduction somehow diminishes the charitable nature of your work is...let's see....how to characterize this.....well it is just plain dumb. Why give money to the government that you do not have to?
It does have to be a 501 c(3) charity and be registered with the IRS as such.
I should add that the IRS deductions do not even come CLOSE to making charity work a paying proposition. You will be way into your own pocket.
Oct 19, 2012 13:51:13 #
CaptainC wrote:
quote=Old Timer What is your motive? Charity or t... (show quote)
Take a look at this site for keeping track of your contributions - any kind. If you use TurboTax, it ties right in with it.
http://turbotax.intuit.com/personal-taxes/itsdeductible/
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Oct 19, 2012 23:58:52 #
I used to look down on those big stars doing those big concerts for charity just so they could clame it on their tax form. Than I rethought it and deceided it was better that it went to a charity then to those theaves in DC.
Oct 20, 2012 00:03:26 #
well, thanks for the opinions, some always offer cash and i just do it but I thought I could help myself out in April!
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