5 ms·
Can you write off the time spent as a charitable donation?
by wudf 13y ago
Can you write off the time spent as a charitable donation?
- hundt 13y agono edit: source: http://www.irs.gov/publications/p526/ar02.html#en_US_2013_publink1000229698 http://www.irs.gov/publications/p526/ar02.html#en_US_2013_pu...
- shkkmo 13y agoWait, can lawyers write off pro-bono work? If so, why can't we? Edit: They can't. However, if an employer were to pay you to work for a qualified organization, they could write off that expense.
- AnthonyMouse 13y agoYeah, it kind of sucks, but think about it as: You work for the charity, they pay you, then you donate the money you were paid back to the charity. The pay and the donation cancel each other, and it works the same way when the pay and the donation are both zero dollars.
- beepp 13y agoActually, that's not a bad idea. Start-ups that value patent reform could band together and give a few hours a month to doing this, and I'll bet it would make a pretty significant dent.