Sunday, November 23, 2014

One of my favorite sites on the web is gutenberg.org, and I recently found out about an opportunity that they have to do volunteer proofreading of their published works.

In essence, you spend your time reviewing published text, and if you note any errors you can report them to the Gutenberg Project.

But the interesting thing about this is, the Gutenberg Project is the sole activity for a 501c3 nonprofit registered in one of the states of the United States, and as a result one could claim this volunteer time as a charitable donation.

I went to college for a long time, and the market rate for my time is about 50 dollars per hour.

So if I was able to deduct the value of my time that I spend on "reviewing text" for the gutenberg project every week, about 10 hours weekly if I count all the time I spend reading, that adds up to 2000 dollars a month, every month, or 24000 dollars per annum of deductible income as a charitable donation.

Sure, everyone's tax situation is different, but this is easy money if you ask me.

It might not be so relevant to people who don't read, or have lower income, but for me it's a home run.

No comments:

Post a Comment