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06/29/2013

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Teresa Hinze

The statement that "Reimbursements for expenses incurred while volunteering are also, surprisingly, considered taxable income." is not entirely correct.

Check with your accountant for specific application to your organization, but generally payments to volunteers or employees based on documented allowable expenditures (accountable plan) would not constitute income. The organization is required to maintain records related to the reimbursement, including any backup documentation.

Tobi

Thank you for the additional information, Teresa.
It's also important for volunteers to check with their own accountants or tax preparers about the possibility of deductible expenses. Volunteer mileage, for example, is deductible, but not at the same rate as mileage for business. Here's a link to info from the IRS on this topics -- http://www.irs.gov/pub/irs-pdf/p526.pdf

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