I'm going to design a website for a NFP organization and I'd like to claim a deduction on my taxes. I'm not incorporated in any way.
2007-10-06 04:17:28 · 4 answers · asked by That Guy 2 in Business & Finance ➔ Taxes ➔ United States
You can only deduct your actual out-of-pocket expenses incurred in the design of the website. The value of your own time, even if you gave up other income-producing work to design the website, is NEVER deductible.
Due to the nature of the work, there is probably little in the way of out-of-pocket expenses that you could deduct.
2007-10-06 06:39:53 · answer #1 · answered by Bostonian In MO 7 · 2⤊ 0⤋
I know with artists, artists can only deduct the cost of materials when they donate a piece, not the actual value of the piece. I think you are in the same boat. Maybe you can have your contact info on the website and use it as a portfolio piece to get your next job, but I seriously doubt you can deduct the market rate of your time and effort for that website.
2007-10-06 04:21:17 · answer #2 · answered by Anonymous · 2⤊ 0⤋
Labor for a charitable cause is never a deduction. But, materials, cost of web site, cost of programs is. Also, if you had to travel, car, plane, etc. can be as well.
2007-10-06 06:13:08 · answer #3 · answered by Nifty Bill 7 · 3⤊ 0⤋
You could deduct the cost of the web hosting for the site if you pay for it. You can't deduct the value of your work no matter how great you are.
2007-10-06 04:23:46 · answer #4 · answered by Anonymous · 4⤊ 0⤋