I have a question for those of you who from time to time donate your services to non-profit organizations and collect tax deductions for that. As I understand it, I cannot write off the value of my or my staff's time while performing "pro bono" service to a non-profit according to the IRS (and my state since services are not taxed). However can I write off the following things;
- Mileage incurred while performing the service
- Cost of "this property patrolled by" decals / signage
- Cost of supplies / equipment purchased and than donated to said non-profit
If I can deduct mileage how would that work? I mean Colorado is a pretty big state and Northern Colorado is no small acreage, in theory I could travel 50+ miles one way going from one site to another. When I was a volunteer firefighter back in Pa I know I could deduct mileage for each and every trip from work / home to the station and back as well as mileage incurred while using my POV to perform duties for the VFD. I do know that mileage to from home to work and work to home is not deductable for a paid job, so I am just wondering how it would work for a pro bono gig.
- Mileage incurred while performing the service
- Cost of "this property patrolled by" decals / signage
- Cost of supplies / equipment purchased and than donated to said non-profit
If I can deduct mileage how would that work? I mean Colorado is a pretty big state and Northern Colorado is no small acreage, in theory I could travel 50+ miles one way going from one site to another. When I was a volunteer firefighter back in Pa I know I could deduct mileage for each and every trip from work / home to the station and back as well as mileage incurred while using my POV to perform duties for the VFD. I do know that mileage to from home to work and work to home is not deductable for a paid job, so I am just wondering how it would work for a pro bono gig.
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