What are the tax benefits of volunteering?

What are the tax benefits of volunteering?

Volunteering can provide several tax benefits, such as deductions for expenses incurred while volunteering, like travel costs and supplies.

Can I deduct my mileage when I drive to volunteer?

Yes, you can deduct mileage driven for volunteer work at the standard mileage rate set by the IRS, as long as it's for a qualified organization.

What kind of expenses can I deduct?

You can deduct expenses like transportation, supplies, and even certain costs related to training for your volunteer role.

Are there limits on how much I can deduct?

There are no specific limits on volunteer expense deductions, but you must keep accurate records and only deduct expenses that are necessary and directly related to your volunteering.