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Heart River Center for Intuitive Healing
Heart River Center for Intuitive Healing

14 Tips For Making Your Charitable Gift Tax-Deductible In 2018 09/19/2019

Hey there volunteers! FORBES has this bit of advice (still applicable in 2019): "While you can’t deduct the value of your time...,Most out-of-pocket expenses relating to volunteering are deductible so long as they’re not reimbursed to you or considered personal. Out-of-pocket charitable expenses that might be deductible include parking fees and tolls; other travel expenses; uniforms or other related clothing worn as part of your charitable service; and supplies used in the performance of your services.

For 2018, the rate for mileage driven in service of charitable organizations is just 14 cents per mile. The rate is currently fixed by Congress and is never adjusted for inflation—which is why it hasn’t budged in years, despite the fact that gas is more expensive.

As with other donations, keep good records for out-of-pocket expenses: Documentation is key."

14 Tips For Making Your Charitable Gift Tax-Deductible In 2018 A tax deduction for charitable giving isn't guaranteed just because you're feeling generous. As with everything in tax law, it's important to follow the rules and with tax reform, those rules are changing. Here are 14 tips for making your charitable donation count.

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