2006-11-14 04:58:55 · 6 answers · asked by bbwg_hbic 2 in Business & Finance ➔ Taxes ➔ Other - Taxes
Yes, but unless you have a house or you itemize for some other reason it won't be worth it.
When you file your taxes, you automatically get a standard deduction that you don't need to show receipts for.
If you want to claim more, you would first have to have receipts that cover the amount of your standard deduction.
Not easy to do.
2006-11-14 19:29:49 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I'm not sure about time. If it was something like a doctor giving his time to take care of people that don't have the money to see a doc. I would say YES. Items donated sure can be truned on your taxes. You have rules you have to do. Your tax person can tell you all the ins & outs.
2006-11-14 20:54:44 · answer #2 · answered by ancestorhorse 4 · 0⤊ 1⤋
Items donated: yes, if you itemize. There are limitations on the amount that can be deducted.
You can't deduct the value of your time.
2006-11-15 02:02:55 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
Only the fair amrket value of items donated and out of pocket costs you incur are deductible as charitable contributions. You may not deduct the value of your time.
2006-11-14 15:59:22 · answer #4 · answered by waggy_33 6 · 1⤊ 0⤋
Yes when you donate ask them for a reciept and they should give you one it is tax deductable so is your time just get reciepts for services rendered.
2006-11-14 13:01:18 · answer #5 · answered by ROSEY 3 · 1⤊ 0⤋
yes, but you have to donate a lot of stuff to make it worth the effort
2006-11-14 13:01:24 · answer #6 · answered by chastityelizabeth 5 · 0⤊ 0⤋