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No, you cannot deduct the value of time or services to a charitable organization.
You could get paid for a job, and turn around and give the money back, but that wouldn't be wise. The donation has to go on your personal tax return, and the income would be on the business return. You would end up paying self-employment tax (15.3% on it). Your best alternative is to do the work for charity and have the benefit of knowing that you did something good.
You can't deduct the value of your time or services, including:
See the top of page 8 IRS Publication 526
Thanks for the quick reply and info. It's not necessary, it's just a lot of hours so I wanted to know what my options were.
@jeremy-pleasant While you will not receive a deduction for the donation of services, physical products and costs associated with donated experiences are eligible for deduction.
That is helpful to know. Thank you!
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