« Using Participatory Leadership to Boost Volunteer Engagement | Main | 10 Low Cost Ways to Develop Volunteer Leaders »

06/29/2013

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

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

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

My Photo

Subscribe to our mailing list

* indicates required
Email Format
Blog powered by Typepad