Tag Archives: Department of The Treasury

Shouldn’t Volunteer Work Be Tax Deductible?

Why are donations tax deductible while volunteer work for non-profit organizations isn’t? Volunteer work is time, therefore money spent towards an organization. Volunteer timeĀ  should equals to monetary donations and be tax deductible. The U.S. Department of The Treasury disagree. You can only get deductions on costs that are related to the volunteer work, like [...]