What you can deduct when volunteering

What you can deduct when volunteering

Because donations to charity of cash or property generally are tax deductible (if you itemize), it only seems logical that the donation of something even more valuable to you—your time—would also be deductible. Unfortunately, that’s not the case. Donations of time or...
Updates to the New York Nonprofit Revitalization Act

Updates to the New York Nonprofit Revitalization Act

The New York Nonprofit Revitalization Act was amended in 2016 to clarify and simplify some of the provisions that apply to New York State nonprofit organizations. The revisions, which reduce some of the burden for nonprofits, include modifications to key definitions...