Why Volunteer? It may be tax-deductible!
It is no coincidence that #NationalTaxDay also happens to fall within National Volunteer Month!
That makes April the perfect time to consider volunteering with Food Finders. In addition to all the wonderful benefits of volunteering, both personally and globally, you may also have an additional incentive that tax day brings to light — volunteering may be tax-deductible.
Now don’t get too excited about your possible tax day saving idea! Although volunteers contribute their services without pay, they may be able to deduct certain out-of-pocket expenses on income tax returns within limits set by the tax laws. It is something worth noting today, on Tax Day, but it shouldn’t be the reason you consider doing such impactful work. The purpose of volunteering isn’t to get something in return, we just thought it wouldn’t hurt to look into receiving a tax deduction–if you qualify for it.
How do I know if volunteering may be tax-deductible?
While volunteering itself is not tax-deductible, any out-of-pocket expenses used for work may count as fair game for tax deductions.
Some examples of deductions noted by HR Block could include:
- Specific uniform needed to safely perform work duties
- Mileage expenses spent traveling in your own vehicle to a work site
- Travel expenses for an airport, train, or taxi to far location for a charitable service
Please visit this link for a more detailed breakdown on what may count as a potential tax deduction for volunteer work.
We are definitely not tax experts at Food Finders, so we do suggest consulting a tax representative for more information to determine if may be eligible for any tax deduction on out-of-pocket expenses (e.g. mileage expenses incurred from volunteer work).
The Real Benefit: Being A Food Finders Rescue Hero
By volunteering with us here at Food Finders, you are making a huge impact in your community and this makes you a hero! Consider taking time to volunteer this month and post a picture of your food delivery with the #IAmAFoodResuceHero
Please visit the volunteer page on our website for step-by-step instructions on how to become a volunteer with Food Finders.
Food Finders is always looking for volunteers to help us rescue and deliver food that is needed to help feed food insecure communities. The tax idea is just a cherry on top of an already wonderful volunteering cake! Happy #TaxDay