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URL:  http://boards.fool.com/what-would-i-be-able-to-quotwrite-offquot-if-30750881.aspx

Subject:  Re: Charitable Missionary Life Date:  6/26/2013  3:48 PM
Author:  irasmilo Number:  118757 of 121095

What would I be able to "write off" if I retired and spent 9 months a year in Nicaragua (or various places) doing medical mission work? Would I be able to count housing, food, etc., as charitable donations for that extended period of time? Isn't there a percentage limit, say I can only donate up to X% of my income?

What you can write off doesn't change just because the time devoted to the charity work changes. However, your charitable deduction is limited to 50% of your adjusted gross income and you only get the deduction if you itemize deductions. This assumes that your efforts are on behalf of a US charity (or one the US tax code treats similarly to US charities) which isn't a private foundation.

Ira
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