Skip to main content
Employee
November 17, 2024
Solved

Can I claim the Pro Bono work I do?

  • November 17, 2024
  • 2 replies
  • 0 views

I've got a side gig. I've been doing some Pro Bono work, to learn more skills and help some clients who are getting started, but can't pay right now. 

 

Anyway, I'd like to know if I can claim this Pro Bono work next year on my income taxes for 2024?

Best answer by VolvoGirl

No, If you don’t get paid you don’t report it.  You will just have less income to be taxed on.  You take the loss by still deducting all your actual expenses.

2 replies

VolvoGirl
VolvoGirlAnswer
Employee
November 17, 2024

No, If you don’t get paid you don’t report it.  You will just have less income to be taxed on.  You take the loss by still deducting all your actual expenses.

rjs
Employee
November 17, 2024

You cannot claim a tax deduction for the value of your time.