Jerome Multi-Services
  • Home
  • About Us
  • Taxes
  • Notary
  • Payment Options
  • Contact Us

Tips on Travel While Giving to Charity

7/16/2014

0 Comments

 

Issue Number:    IRS Summertime Tax Tip 2014-06

Tips on Travel While Giving to Charity

Do you plan to donate your services to charity this summer? Will you travel as part of the service? If so, some travel expenses may help lower your taxes when you file your tax return next year. Here are five tax tips you should know if you travel while giving your services to charity.

1. You can’t deduct the value of your services that you give to charity. But you may be able to deduct some out-of-pocket costs you pay to give your services. This can include the cost of travel. All out-of pocket costs must be:

• unreimbursed,

• directly connected with the services,

• expenses you had only because of the services you gave, and

• not personal, living or family expenses.

2. Your volunteer work must be for a qualified charity. Most groups other than churches and governments must apply to the IRS to become qualified. Ask the group about its IRS status before you donate. You can also use the Select Check tool on IRS.gov to check the group’s status.

3. Some types of travel do not qualify for a tax deduction. For example, you can’t deduct your costs if a significant part of the trip involves recreation or a vacation. For more on these rules see Publication 526, Charitable Contributions.

4. You can deduct your travel expenses if your work is real and substantial throughout the trip. You can’t deduct expenses if you only have nominal duties or do not have any duties for significant parts of the trip.

5. Deductible travel expenses may include:

• air, rail and bus transportation,

• car expenses,

• lodging costs,

• the cost of meals, and

• taxi or other transportation costs between the airport or station and your hotel.

For more see Publication 526, Charitable Contributions. You can get it on IRS.gov or by calling 800-TAX-FORM (800-829-3676).


IRS YouTube Videos:

  • Charitable Contributions – English | Spanish | ASL
  • Exempt Organizations Select Check – English | Spanish | ASL
IRS Podcasts:

  • Exempt Organizations Select Check – English | Spanish


For assistance with your specific tax situation contact us .
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Archives

    March 2016
    February 2016
    January 2016
    August 2015
    June 2015
    May 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014

    Categories

    All
    Taxes

    RSS Feed

    View my profile on LinkedIn
    Visit Jerome Multi-Services's profile on Pinterest.
    Just A Minute, LLC
DMCA.com Protection Status
Proudly powered by Weebly
CopyrightBar.comCopyRightBar.comCopyright Jerome Multi-Services - 2013 - . All rights reserved.