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Can a tradesman donate his time to a church and get a tax credit?
I am an electrician and a friend of mine is doing some work in his church. He doesn't have money to pay me. Could I donate my time to his church and get a tax credit from hia church instead of him paying me?
2 Answers
- JudyLv 77 years agoFavorite Answer
No, you get no deduction for your donated time, only for actual out of pocket expenses ssuch as materials and supplies.
- Max HooplaLv 77 years ago
No. Donations of time are not deductible. If they were the value of the time would have to be reported as income first which would be counterproductive.
