What is the name of your state? NY
Hello,
I recently established myself as an independant contractor. One of my clients is a not-for-profit organization, and as part of the agreement, I am to provide an "in-kind" donation to them. For example: I charge $60 / hour. They said that they would pay me $80/hour, and i was to donate $20 / hour back to them. They said that I would be able to deduct this come tax time.
Now, I am a full time college student, living at home (So my parents still claim me as a dependant). How would I go about writing this donation off my taxes?
Thanks,
Larry
Hello,
I recently established myself as an independant contractor. One of my clients is a not-for-profit organization, and as part of the agreement, I am to provide an "in-kind" donation to them. For example: I charge $60 / hour. They said that they would pay me $80/hour, and i was to donate $20 / hour back to them. They said that I would be able to deduct this come tax time.
Now, I am a full time college student, living at home (So my parents still claim me as a dependant). How would I go about writing this donation off my taxes?
Thanks,
Larry
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