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Level 2
May 15, 2021
Question

Donation/Deduction

  • May 15, 2021
  • 1 reply
  • 24 views

During the pandemic I volunteered at Opportunities for Williamson and Burnet Counties. OWBC is a 501c nonprofit. I worked at home for OWBC Community Services to assist individuals with utilities/rental assistance during the covid 2020 crisis. My volunteer hours were 467 hrs. Per the Independent Sector guidelines my dollar amount per hour is $27.20.  467 hrs X $27.20 equals $12,702.40. 

 

My question is: How do I take credit for this amount on my taxes?

1 reply

Level 15
May 15, 2021

Nope.    When you perform volunteer work you cannot deduct anything at all for your time, skill or expertise.   You can only deduct expenses for mileage or supplies you needed to perform the volunteer work or make a donation.   Sorry, but that was a great thing to do.

**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.**
Level 15
May 15, 2021

You cannot deduct the value of your time or services.

 

See https://www.irs.gov/publications/p526#en_US_2020_publink1000229698