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I just started a bookkeeping practice. I am offering

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Hi i just started a bookkeeping practice. I am offering pro-bono bookkeeping services to non for profits. The NFP recognizes my services as "in-kind" professional services. Can I deduct the value of my services as charitable deductions?

Accountant's Assistant: The Expert will know how to help. Please tell me more, so we can help you best.

I have bookkeeping skills that are needed by the NFP. this is skilled volunteer position

Accountant's Assistant: Is there anything else the Expert should be aware of?

No. i just need to know if I can deduct the value of my services as charitable deductions

Submitted: 8 months ago.Category: Tax
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9/8/2017
Tax Professional: Robin D., Senior Tax Advisor 4 replied 8 months ago
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 17,810
Experience: 15years with H & R Block. Divisional leader, Instructor
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Hello, I'm Robin. Welcome to JustAnswer. I'm reviewing your question now and typing up my reply. I'll post that in just a few moments.

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Tax Professional: Robin D., Senior Tax Advisor 4 replied 8 months ago

Unfortunately no. You can deduct any money you spend to provide this service but your time or the value of that time is not deductible.

Please let me know if you need more information.
If not then scroll up to see the STARS to rate so I am credited.

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Tax Professional: Robin D., Senior Tax Advisor 4 replied 8 months ago

Did you need me to explain further, if so just post below

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