Clients who volunteer for charities contribute the most precious asset of all, their time. They aren’t motivated by tax breaks. Many probably don’t even know they’re entitled to deduct unreimbursed expenses incurred in helping charities.
Here are the rules for individuals who itemize their deductions (no deductions for standard-deduction taxpayers):
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]