Remember You Re Free To Deduct Pro Bono Expenses
Many lawyers donate to charity. When that’s not fiscally possible, some may donate the value of their services to help clients in need. But remember: the value of your pro bono work is not tax deductible. You can’t jot down on your tax return that you spent $450 for one hour of “advising indigent clients” in order to reduce your taxable income. But there are tax considerations for pro bono legal services that you should know about....