You cannot deduct the value of your time or expertise, but you may deduct your expenses such as mileage, paper, etc. You'd probably do that anyway.
Also, it is more advantageous to deduct them as business expenses (call it marketing or business promotion) rather than a charitable donation. Right now the business mileage rate is $0.555, while charitable mileage is still stuck at $0.14. Also, a business deduction will reduce your income tax and SE tax, while a charitable donation will only reduce income tax. And only if you can itemize on Sch A. |
