I am a self-employed web developer. Can I take a charitable deduction for either of the following?:
- I perform regular web maintenance/development for a 501-c(3) charity at no cost. There are no tangible costs involved in the work other than my own time.
Or;
- I provide web hosting for the same 501-c(3) for half the price I charge my non-charity customers. Can I take a deduction for the difference as a donation? (I purchase the hosting in volume as a reseller so there is no really substantial "cost" to me for the hosting that I provide them).
Thanks,
========================================= MODERATOR'S COMMENT: No and No. For income tax purposes, there is simply no deduction allowed for the value of your time and services.