Ct

Finally I have found a cause that I can volunteer for and feel
passionate about. However, since I am not taking any money from these
people, how can I recieve tax benifits from this.

They can give me a reciept of the work performed, in terms of the
hours or value (which is quite big). How can I file this in with my
taxes to take advantage of the tax benifits? How does this work out.

Please advice.

Thanks.

CT.

Ingo Pakleppa - See Web Site For Email

You probably should contact a competent tax advisor, since this is an
immigration newsgroup. But as far as I know, the general rule is that time
spent on volunteer causes is not tax deductible, only actual expenses that
you incurred, or physical non-cash contributions, would be considered
donations.

On Tue, 02 Mar 2004 11:11:05 -0800, CT wrote:

    > Finally I have found a cause that I can volunteer for and feel
    > passionate about. However, since I am not taking any money from these
    > people, how can I recieve tax benifits from this.
    >
    > They can give me a reciept of the work performed, in terms of the hours
    > or value (which is quite big). How can I file this in with my taxes to
    > take advantage of the tax benifits? How does this work out.
    >
    > Please advice.
    >
    > Thanks.
    >
    > CT.

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