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Unread 13-03-2009, 15:22
Jared Russell's Avatar
Jared Russell Jared Russell is offline
Taking a year (mostly) off
FRC #0254 (The Cheesy Poofs), FRC #0341 (Miss Daisy)
Team Role: Engineer
 
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Re: Filing taxes & volunteering - what to keep track of?

One thing to keep in mind is that unless you are itemizing your deductions, you cannot "write off" specific volunteering expenses. Generally, you will need to have some considerable write offs (such as a mortgage) before itemizing saves you anything over the standard deduction.
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