Does anybody know if you can add charitable work as a credit on their federal return -- I created a website and currently maintain it for a 501c3 registered charity as a donation as opposed to charging for my work. How do I report my donated hours as a credit?
2007-02-10 10:56:26 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
You can't. You can never deduct the value of your own labor. You may deduct your out-of-pocket costs if you had any, but that's it.
2007-02-10 11:02:36 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
You can't -- labor is never deductible. But you can take a deduction for registration and web hosting costs, as well as for at least some of the ISP costs.
2007-02-10 11:01:27 · answer #2 · answered by Anonymous · 1⤊ 0⤋
you cant take a deduction for charitable work done.
2007-02-10 11:02:40 · answer #3 · answered by tma 6 · 1⤊ 1⤋