The majority of non-profit organizations survive by receiving tax deductible cash and property donations. Many non-profits also survive by having professionals “donate” their time and/or services. However, this type of donation, while benefiting the non-profit, is not tax deductible by the individual or business.
Internal Revenue Service guidelines strictly prohibit deducting the value of services rendered. Why is this? Because while everyone’s time is valuable, there is no standard in determining what that time is worth.