TaxProWorld
🌟 Are You a Volunteer?Your time isn’t tax-deductible, but some expenses may be if you itemize deductions.Eligible expenses can include:✅ Airfare and lodging for primarily charitable trips✅ Mileage driven for volunteer duties✅ Meals while volunteeringRequired uniforms or clothing❗ Travel expenses aren’t deductible if the trip combines charity with significant leisure or lobbying.Good recordkeeping is essential to claim these deductions!🔗 Subscribe to Our Newsletter: https://bit.ly/4ilgFtk You will get:✅ Tax News & Regulations Updates✅ New Court Cases Explained✅ Upcoming Podcast Alerts✅ IRS-ready Guides to Present or Share with Your Advisor#CharityWork #TaxDeductions #VolunteerExpenses #FinancialPlanning #IRSUpdates
5 months ago | [YT] | 0
TaxProWorld
🌟 Are You a Volunteer?
Your time isn’t tax-deductible, but some expenses may be if you itemize deductions.
Eligible expenses can include:
✅ Airfare and lodging for primarily charitable trips
✅ Mileage driven for volunteer duties
✅ Meals while volunteering
Required uniforms or clothing
❗ Travel expenses aren’t deductible if the trip combines charity with significant leisure or lobbying.
Good recordkeeping is essential to claim these deductions!
🔗 Subscribe to Our Newsletter: https://bit.ly/4ilgFtk
You will get:
✅ Tax News & Regulations Updates
✅ New Court Cases Explained
✅ Upcoming Podcast Alerts
✅ IRS-ready Guides to Present or Share with Your Advisor
#CharityWork #TaxDeductions #VolunteerExpenses #FinancialPlanning #IRSUpdates
5 months ago | [YT] | 0