IRS Rules on Deductible Charitable Contributions, Including Cash, Property, Time, Services, Etc.
What donations can and cannot be deducted on your personal or business taxes? We get this question quite a bit, "... I have quite a few hours of donated work. How do I account for that as a loss for my business[?]" The short answer is you cannot. See text below in quotations obtained from the IRS Publication 526. “Out-of-Pocket Expenses in Giving Services Although you can't deduct the value of your services given to a qualified organization, you may be able to deduct some amo