Originally Posted by Loretta
Another charity question- how do you keep track of your supply cost for tax purposes. I know you cannot claim your labor or time, but I think you can claim cost of materials if you have the receipts. Am I correct in that?
You can only claim the cost of materials and only to those organizations that are considered charities. Schools and churches count too. The rules on charitable donations have gotten a little tighter and a little tricky the last few years. I wouldn't claim any deduction I couldn't back up with a receipt.
(tax lady for 7 years)