Charitable Services Should Be Tax Deductible
Conrad Teitell's excellent article "Charitable Deductions for Volunteers" (NYLJ, Dec. 27), makes reference to the often overlooked issue of the long-standing refusal of the IRS to allow deductions for volunteer "services" because, from a legal perspective, "services" are not "property." It's time for a change. According to the latest available statistics, in 2011 some 64 million Americans donated 7.9 billion hours of free labor to various charitable, 501(c)(3) organizations. Without that free labor these organizations would have had to divert precious funding to pay employees to do the job.