Question

You could not take the following as a Charitable Contribution. A: Value of mileage to distribute...

You could not take the following as a Charitable Contribution.
A: Value of mileage to distribute food at the Salvation Army
B: Value of food given to the Salvation Army
C: Value of time distributing food at the Salvation Army
D: Value of money given to the Salvation Army.
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Answer #1

Answer : (C)Value of time distributing food at the Salvation Army.

Explanation: time can never be taken as deductible as a charitable donation ,even though many volunteers give many hours of their time but time can not be deductible.

We can understand by one example - suppose you are a painter and donate an hour lesson on painting to a chairty auction ,you can not deduct the cost of the teaching as a donation .You can deduct any material expenses which is used while painting ,though.While you can not deduct you time.It is still worth to do it because the good feeling you get is priceless and you cannot discount it .

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