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Donating quilts

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  • quiltlover14
    replied
    Re: Donating quilts

    sure you can write it off those costs! Just ask a receipt

    Leave a comment:


  • ucarrieme
    replied
    Re: Donating quilts

    Thank you I appreciated the tips!

    Leave a comment:


  • debraquilts
    replied
    Re: Donating quilts

    Originally posted by grammaterry View Post
    I think I would check with a tax person. It doesn't seem right that you can only deduct the cost of materials. I would think it should be plus labor. People who do volunteer work are able to take off for travel expenses and such I think. I would think if you had a picture and could compare it to retail sales elsewhere but I would check with a tax person
    I donate my longarm quilting services to a few charities. My mother was an accountant and this is what she followed: certain transportation expenses, such as mileage; quilting supplies, such as batting and thread are also deductible. Keep your proof of purchase for supplies. Labor is not a deductible expense.

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  • Muriel
    replied
    Re: Donating quilts

    Originally posted by grammaterry View Post
    I think I would check with a tax person. It doesn't seem right that you can only deduct the cost of materials. I would think it should be plus labor. People who do volunteer work are able to take off for travel expenses and such I think. I would think if you had a picture and could compare it to retail sales elsewhere but I would check with a tax person
    You would have to declare income if you included you labor costs. You can only declare the cost of materials. Sorry but that's Gov at work. LOL

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  • Cool Breeze Quilter
    replied
    Re: Donating quilts

    There is nothing wrong with asking for a receipt. When I used to volunteer for a non-profit I was more than happy to give a receipt to anyone who made a donation. I believe that you can deduct the cost of your materials only, not your time (that doesn't seem fair but am pretty sure that's how it works.) Just to be sure, check with your accountant.

    Leave a comment:


  • grammaterry
    replied
    Re: Donating quilts

    I think I would check with a tax person. It doesn't seem right that you can only deduct the cost of materials. I would think it should be plus labor. People who do volunteer work are able to take off for travel expenses and such I think. I would think if you had a picture and could compare it to retail sales elsewhere but I would check with a tax person

    Leave a comment:


  • laura44
    replied
    Re: Donating quilts

    You can only claim the cost of your supplies to make the quilt.
    I write off all my donations.

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  • shirleyknot
    replied
    Re: Donating quilts

    Of course you can, and there's nothing wrong with it unless you pad the price. I worked in a non-profit (for free) for more than 10 years, and signed a lot of receipts for taxes.

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  • ucarrieme
    started a topic Donating quilts

    Donating quilts

    I would like to donate a quilt to a organization ie. Moms in need or veterans, I hate to ask this, but can I ask for a receipt, and can I claim it on taxes? We spend a lot of time, fabric and energy on making them.
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