Inkind services donations - My business to 501(c)3 non-profit

If you mean that you donated services (as opposed to goods or money) and you want to deduct the value of those services, sorry but you can't do that.

If you were paid by your company to perform those services, the company gets to deduct what it paid you the way it deducts any other wages. But it doesn't get to deduct it again for making the contribution.

But if he drove to some location from his normal business location to perform the services, can't he deduct the mileage???

My business performed a services for a 501(c)3 non-profit, last year. They are going to draft a letter stating that we performed the services last year. The amount will come out to roughly $1100. Is there a limit to the amount we can deduct without some special IRS form?

If you mean that you donated services (as opposed to goods or money)

----------- If you were allowed to deduct the value of your services, then you would, logically, also have to add the value of your services to your income, so it would be a wash-out.

Yes, the miles can be deducted. Your time (which is probably a good part of the service charge) cannot be deducted. But expenses incurred can be. It's as if you sold your services for $0, so you report that income, and still deduct expenses.

Yes, but only at the charitable contribution rate of $0.14/mile.

Ira Smilovitz

Is is the case that you can deduct either actual gas receipts or standard mileage for charity? I thought I read that somewhere but can't seem to find the place.

Yes, you can deduct actual out-of-pocket expenses for gas and oil but not general maintenance. However, your records would have to show the costs directly related to the charitable use. In other words, you can't just take x% of your annual gas/oil expense where x is the percentage of total miles which were for charitable use. This is all explained in Pub. 526.

Ira Smilovitz