See this question for the answer:
Can_I_deduct_expenses_for_refreshments_for_a_benefit_held_at_my_home
Yes, you can deduct out-of-pocket expenses in giving services to a charitable organization.Excerpt from IRS Publication 526, Charitable Contributions:Although you cannot deduct the value of your services given to a qualified organization, you may be able to deduct some amounts you pay in giving services to a qualified organization. The amounts must be:Unreimbursed,Directly connected with the services,Expenses you had only because of the services you gave, andNot personal, living, or family expenses.If you held a benefit for a charitable organization at your home home and paid for the refreshments out of your own pocket, those costs would be deductible on Federal Form 1040, Schedule A, Itemized Deductions.See the full IRS publication at the link for a more detailed discussion.
No. That is a personal expense. Personal expenses are not deductible. And realistically, one should expect no tax benefit extended by society for someone in this situation. (For example, any restitution or penalty he pays is NOT deductible, or dischargeable in bankruptcy, either).
The benefit to a ROTH IRA tax deductible is that it is TAX DEDUCTIBLE. But that does not mean that there are no implications, so you still have to be thorough.
When you live in a condominium, you pay assessments which your board budgets each year to pay operational expenses for the community. These expenses are not typically tax deductible by an owner who occupies a unit. In your state, in your tax situation, best practices dictate that you consult with your tax attorney to identify whether or not assessments are deductible from your tax bill. Optional fees, such as amenities-use fees may be treated differently by your tax adviser in your situation, especially if you pay the fees for the benefit of a tenant and your condominium is an investment and not your home.
What? Why would it be? The comprehensive deductible is your retained limit of an occurance so unless you have a policy with a diminishing deductible or some other policy benefit that would waive a deductible it applies to each and every claim.
Health savings accounts also referred to HSA can be beneficial if one was to lose their job, and need to pay for medical expenses. It is also beneficial to those with insurance that have high deductibles, as it can be applied toward the deductible.
Expenses are those amounts the benefit of which is already taken by business while prepaid expenses are advance payments for those expenses which company will incur in future.
expenses are those amounts the benefit of which has already taken by company in normal operations of business.
Accrued expenses are those expenses the benefit of which has already taken by the business but the payment is not yet cleared that's why it is the liability of business.
Volunteer programs like Big Brothers and Big Sisters are great for everyone involved. Volunteer community clean up programs are also good, and benefit the community at large.
Prepaid expenses are like current assets, as for current assets payment made but benefit use in future same like prepaid expenses are those expenses for which payment is made in advance but benefit not yet taken like prepaid insurance etc.
Many people in many nations volunteer to perform charitable acts to benefit others in their communities. This is a good thing. It's called "good citizenship" and, or "volunteer work". If more people in any nation took the time to act as "volunteer" helpers to aid the poor or uneducated, the world would benefit.