8 ms·

Can you write off the time spent as a charitable donation?

• hundt 12y ago
  no edit: source: http://www.irs.gov/publications/p526/ar02.html#en_US_2013_publink1000229698 http://www.irs.gov/publications/p526/ar02.html#en_US_2013_pu...
  • shkkmo 12y ago
    Wait, can lawyers write off pro-bono work? If so, why can't we? Edit: They can't. However, if an employer were to pay you to work for a qualified organization, they could write off that expense.
    • AnthonyMouse 12y ago
      Yeah, it kind of sucks, but think about it as: You work for the charity, they pay you, then you donate the money you were paid back to the charity. The pay and the donation cancel each other, and it works the same way when the pay and the donation are both zero dollars.
    • beepp 12y ago
      Actually, that's not a bad idea. Start-ups that value patent reform could band together and give a few hours a month to doing this, and I'll bet it would make a pretty significant dent.