Brian’s Tax Musings

While donating your time to charity is not a tax deduction, the cost of materials and out of pocket expenses are a deductible charitable donation expense.  My daughter makes earrings and sells for a couple of dollars each.  She is donating all the proceeds to charity.  if she donated the earrings themselves, she would be able to deduct her costs to make the earrings as a charitable deduction.  You can email me and we can discuss if you have a similar situation.

bstonercpa@sbcglobal.net

www.briantstonercpa.com

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