By volunteering with recognized 501(c)(3) tax-exempt organizations like our Associations and Districts (as well as some Clubs), certain expenses can be itemized as tax-deductible on your federal income taxes. It might take a little more time and effort to fill out your tax return, but if you have the receipts and other documentation to support your itemized deductions, make sure to take advantage of this benefit of volunteering!
How can you spread the good news and help your volunteers benefit? Read and share this blog post from Tobi’s Nonprofit Management Blog highlighting the 5 Ways to Help Your Board & Volunteers Get the Tax Deductions They Deserve with your volunteers. It’s a great overview of the resources for what type of expenses can be itemized for deduction, how to value an in-kind or non-cash donation, and other ways that your organization can help your volunteers to document their charitable activities.