2021 – 04/15 If you’re fully vaccinated now, you may want to donate some of your time to charity. Your generosity may entitle you to some tax breaks. Although tax deductions aren’t allowed for the value of the volunteer services you perform for a charity, some deductions are permitted for the out-of-pocket costs you incur while performing them. For example, if you use your car while performing the services, you may deduct your unreimbursed expenses directly attributable to the services, such as gas and oil costs. Alternatively, for 2020 and 2021, you may deduct a flat 14¢ per mile for the charitable use of your car. In either event, you also may deduct parking fees, tolls and the cost of a uniform.
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