Can I deduct the time I spend volunteering on my taxes?
Unfortunately, you cannot deduct the value of your time spent volunteering. However, you can deduct certain expenses related to your volunteer work.
What kind of expenses can I deduct?
You can deduct expenses like mileage, supplies, and any other out-of-pocket costs incurred while volunteering.
Do I need to keep receipts for these expenses?
Yes, it's important to keep receipts and records of your expenses to substantiate your deductions if needed.
Are there any limits on how much I can deduct?
There are no specific limits on the amount you can deduct for expenses, but they must be directly related to your volunteer work.
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