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If I work for a 501c3 and accept a reduced salary, can the difference be recorded as a contribution?

 
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3 Replies

If I work for a 501c3 and accept a reduced salary, can the difference be recorded as a contribution?

No.  

If I work for a 501c3 and accept a reduced salary, can the difference be recorded as a contribution?

No.   You cannot get a tax deduction for giving your time or expertise to a charity.   Even if you are "donating" your time and/or work, sorry, it is not deductible.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

If I work for a 501c3 and accept a reduced salary, can the difference be recorded as a contribution?

Your "tax deduction" is the fact that since you take a lower salary, you already pay less tax.

 

Regardless of the rule that you can never deduct the value of your time to a charity, there is also a more general rule that you can never take something out of your income if it was not included in your income in the first place. 

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