That's true. However, you can deduct any expenses incurred in the course of
volunteer work, such as milage to and from the site, and so forth. Again, this
is in the US, YMMV elsewhere.
"David Harris" <[EMAIL PROTECTED]> on 06/20/2002 04:04:38 PM
To: "'Marc Spitzer'" <[EMAIL PROTECTED]>,
[EMAIL PROTECTED]
cc: (bcc: Wesley Sheldahl/Lex/Lexmark)
Subject: [OT] RE: Question about Work Wanted ads
Marc Spitzer [mailto:[EMAIL PROTECTED]] wrote:
> 3: you maybe able to deduct your volunteer work from your
> taxes( I have no idea about AU's laws though).
You can not claim donated services as a tax deduction in the US.
(Probably not other places too, I'd guess.)
The theory is this: you'd have to book both a revenue for the work you
did and a deduction for the donation. These would cancel out.
David
