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Old 01-15-2015, 01:04 PM
 
Location: SW Florida
9,766 posts, read 7,050,021 times
Reputation: 14300

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Quote:
Originally Posted by CSRSJim View Post
The problem with the SS payroll contributions has already been stated, and I agree.
I do think volunteer work is valuable. But how do you put a dollar value on it to list as a charitable contribution on federal tax form 1040 schedule A? And if you get a tax deduction for the value, you would need to include the value as taxable income in the first place.

FYI,
If you drove to and from the volunteer work, you can take the actual cost of gas and oil or 14 cents a mile. Add parking and tolls to the amount you claim under either method. But do not deduct any amounts that were repaid to you. (reimbursed).
It's true, if you itemize your tax deductible expenses when you file your income tax you can take the mileage you drive for those volunteer activities, as well as other expenses that you might have incurred from those activities.
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Old 01-15-2015, 02:44 PM
 
14,266 posts, read 24,016,895 times
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Quote:
Originally Posted by LivingDeadGirl View Post
Search and rescue volunteer participation allows by the IRS, writing off all your stuff; clothes, shoes, packs, food, etc. So.... if hunting and camping, etc is already your hobby, you can join SAR, never actually go on a search and write off all your hobby stuff. I'm willing to bet some people even write off their cars and boats.
OK, I see where you are coming from. But that type of stuff goes on all the time.

I process donations for a local charity. We get a LOT of unusable stuff and a lot of damaged materials. I am sure that the donors are not adjusting their values for the poor conditions.
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Old 01-15-2015, 04:20 PM
 
Location: East Coast
2,903 posts, read 4,587,509 times
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Quote:
Originally Posted by cb2008 View Post
Our town has a proprty tax rebate program. Age 62, own a home, volunteer 95 hours in a year time qualified by the senior program, and get 670.00 rebate. If married only one spouse qualifies.
My town also has a tax rebate program for seniors (62+) who volunteer in the school district. The maximum rebate is $560 for 70 hours of service.
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