What is the name of your state (only U.S. law)? Tennessee
Question: Can pro-bono work for a charity organization be considered a tax deduction?
The Circumstances: My wife has a graphic design business that she does from home which typically brings in $45k - $50k per year. She has a couple of regular clients that are charity organizations that she does pro-bono. Can she deduct the fees she would have charged for similar work done for 'regular' clients?
I am employed full time and we file as "Married Filing Jointly" with her business listed as a sole proprietor including a Schedule C.
ThanksWhat is the name of your state (only U.S. law)?
Question: Can pro-bono work for a charity organization be considered a tax deduction?
The Circumstances: My wife has a graphic design business that she does from home which typically brings in $45k - $50k per year. She has a couple of regular clients that are charity organizations that she does pro-bono. Can she deduct the fees she would have charged for similar work done for 'regular' clients?
I am employed full time and we file as "Married Filing Jointly" with her business listed as a sole proprietor including a Schedule C.
ThanksWhat is the name of your state (only U.S. law)?