Tax Deductions and Credits Save with a New Tax Relief Donation Law and Holiday Giving Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by TurboTaxLisa Modified May 6, 2022 As the holiday season quickly approaches, the giving season is also upon us, as many of us feel encouraged to donate during the last few months of the year. This year, in the wake of the recent devastation caused by natural disasters, holiday giving and volunteering is expected to rise. The IRS also recently announced a new special leave-based donation program to encourage taxpayers to help victims of the recent hurricanes. Under the new program, if you are an employee, you can choose not to take your vacation, sick, or personal leave in exchange for cash payments your employer makes to charitable organizations providing relief to hurricane victims. Under the special relief, the donated leave will not be included in your income. If you haven’t been able to volunteer yet this year, you still have time to take advantage of the new special leave-based donation program to help hurricane victims. Outside of this special donation program, if you volunteer to help other charitable organizations, you may be able to take a tax deduction for travel, lodging, and supplies purchased related to your volunteer work. Specifically, if you are traveling to volunteer this holiday season, don’t forget you may be able to deduct mileage at 14 cents per mile, actual expenses to drive your car, parking fees, tolls, and even airfare if your flight is directly related to volunteering. Also, if for some reason you need to purchase a uniform for your volunteer work, the costs of purchasing and maintaining your uniform is also tax deductible. This rule applies to actual uniforms, however, not to clothes that you wear every day. Holiday giving can be a great way to help those in need this time of year, and you also may be able to receive a tax benefit. Written by Lisa Greene-Lewis Lisa has over 20 years of experience in tax preparation. Her success is attributed to being able to interpret tax laws and help clients better understand them. She has held positions as a public auditor, controller, and operations manager. Lisa has appeared on the Steve Harvey Show, the Ellen Show, and major news broadcast to break down tax laws and help taxpayers understand what tax laws mean to them. For Lisa, getting timely and accurate information out to taxpayers to help them keep more of their money is paramount. More from Lisa Greene-Lewis Follow Lisa Greene-Lewis on Twitter. Browse Related Articles Tax Planning The Tax Deadline is Approaching: Tips to File on Time! Tax Planning Texas, Oklahoma, and Louisiana Tornadoes: Find Out if T… Tax Deductions and Credits Holiday Donations and Tax Savings Tax Planning I’m Projected to Owe Taxes Next Year – What… Taxes 101 Charity Tax Deductions (What Counts as a Contribution?) Tax Tips Don’t Forget These 7 Stimulus Relief Related Last Min… Tax Tips Donate Your Wedding Dress for Tax Deduction Self-Employed Self-Employed? Quarterly Tax Date Deadlines for Estimat… Comments are closed.