Karen occasionally donates her services as an attorney to a qualified charitable organization. During the current year, Karen spent 15 hours working for the charity. Her normal billing rate is $200 per hour. Karen drove 300 miles to and from the offices for the charity. She also spent $350 for supplies necessary in conjunction with providing her services. Compute Karen's charitable deduction.
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$3,350 |
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$392 |
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$0 |
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$3,000 |
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$350 |
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$3,392 |
Computation of Karen's charitable deduction
Karen spent 15 hours working for charity is not eligible for charitable deduction.
However Karen is eligible for 14 cents per mile as charitable deduction for driving to and from the offices for the charity.
Any amount spent in conjunction with providing her service is also eligible for charitable deduction
Charitable deduction = (300 miles× 14 cents) + $350 = $42 +$350= $392
Karen occasionally donates her services as an attorney to a qualified charitable organization. During the current...
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