How do I add income if I do not earn one from my non-profit?

jessicaerussell · ‎February 23, 2025

I run a non-profit but do not give myself an income, but would like to take deductions for a small business.

RobertB4444 · ‎February 25, 2025

Non-Profits have different filing requirements. If you are a 501(c)3 organization or something of the like then you file a form 990 or 990-EZ and all of the income and expenses for the non-profit are entered there.

Personal expenses for items that you have donated to the non-profit that you run are considered charitable donations and are entered as itemized deductions on schedule A. You will need to have a receipt for everything that you enter there as a donation to the charity.

Most folks still use the standard deduction even if they make charitable donations because they don't itemize their deductions.

Here is some information on non-profit tax filing.

@jessicaerussell

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RobertB4444 · ‎February 25, 2025

Non-Profits have different filing requirements. If you are a 501(c)3 organization or something of the like then you file a form 990 or 990-EZ and all of the income and expenses for the non-profit are entered there.

Personal expenses for items that you have donated to the non-profit that you run are considered charitable donations and are entered as itemized deductions on schedule A. You will need to have a receipt for everything that you enter there as a donation to the charity.

Most folks still use the standard deduction even if they make charitable donations because they don't itemize their deductions.

Here is some information on non-profit tax filing.

@jessicaerussell

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"