Is the value of volunteer time tax deductible?
As with all questions having to do with tax law, please consult a legal, tax, or accounting professional for definitive answers to your specific question(s). Nonprofit organizations that want to know more about calculating the value of their volunteers, please see What is the Monetary Value of Volunteer Time?
If your volunteers ask whether they can deduct the value of the time they give your organization on their U.S. tax forms, say no.
Volunteers who provide professional services for free to a qualifying nonprofit organization cannot claim a tax deduction for the value of their time or services.
They might be able to deduct uniforms, transportation or other documented, unreimbursed, out-of-pocket expenses that they paid in order to volunteer. But they cannot deduct donations to blood banks or income lost while volunteering.
Please see IRS Publication 526: Charitable Contributions for specific examples of what expenses they can and cannot deduct.
What is the monetary value of volunteer time?
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Explore resources curated by our staff for this topic:
Publication 526: Charitable Contributions
This publication explains how to claim a deduction for your charitable contributions. It discusses organizations that are qualified to receive deductible charitable contributions, the types of contributions you can deduct, how much you can deduct, what records to keep, and how to report charitable contributions.
Remind Nonprofit Volunteers About Tax Deductions for Expenses
Gives examples of expenses that volunteers can deduct, and explains limits on deductions.
Tips for Taxpayers Who Travel for Charity Work
If you plan to travel while doing charity work this summer, keep in mind that some travel expenses might help lower your taxes if you itemize deductions when you file next year. Here are tax tips the IRS wants you to know about travel while serving a charity.