Taxpayer asks: I regularly donate blood to the Red Cross. Can I deduct this on my taxes?
Taxgirl says: This is by far the most interesting question that I’ve ever received on Ask the Taxgirl – and I’ve received some pretty good queries!
It’s interesting because my first thought was “why not?” It’s a product. It’s clearly something that could be valued. But, alas, the real answer is no.
It appears to be a public policy issue. The Red Cross does not compensate donors for making blood donations. And the government likewise does not offer financial incentives for the donation of blood or organs.
If you’re looking for ways to support the Red Cross which may be tax deductible, click here.
And remember, if you volunteer for a qualified charity such as the Red Cross, your services are not deductible (no matter how valuable!) but you may deduct travel expenses getting to and from the volunteer location. You can take a standard charitable deduction per mile or the actual cost of your gas. Don’t forget about public transit, parking fees and tolls – get those receipts!
Like any good lawyer, I need to add a disclaimer: Unfortunately, it is impossible to give comprehensive tax advice over the internet, no matter how well researched or written. Before relying on any information given on this site, contact a tax professional to discuss your particular situation.