Charitable Mileage

What You Can Deduct When Volunteering

Because donations to charity of cash or property generally are tax deductible (if you itemize), it only seems logical that the donation of something even more valuable to you — your time — would also be deductible. Unfortunately, that’s not the case. Donations of time or services aren’t deductible. It

2021-04-12T14:56:21-06:00August 7th, 2018|

What’s Your Mileage Deduction?

  Individuals can deduct some vehicle-related expenses in certain circumstances. Rather than keeping track of the actual costs, you can use a standard mileage rate to compute your deductions. For 2017, you might be able to deduct miles driven for business, medical, moving and charitable purposes. For 2018, there are

2021-04-12T14:56:48-06:00March 21st, 2018|
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