Saturday, February 17, 2018

Tax Deductions from Scouting Expenses

Tax Deductions from Scouting Expenses

Click here for an article in Scouting Magazine that has lots of advice on ways to itemize Scouting-related expenses as income tax deductions. (But watch for the disclaimer that the article "is for informational purposes only. It is not intended to provide... legal or accounting advice.")

 

Here's an extract of some of the useful information you'll find posted:

Some types of contributions can be deducted:
  • Cash/check donations
  • Property donations
  • Out-of-pocket expenses you paid to do volunteer work
  • Uniforms for leaders
  • The cost of driving to and from BSA events

Some types of relevant contributions cannot be deducted:
  • The value of your time
  • Scouting dues or membership fees
  • A contribution to a specific individual. This includes giving to the Boy Scouts and specifying a particular person or Scout as the beneficiary of your donation.

No comments:

Post a Comment