I often buy things for my church and just pay for them out of my pocket -- things like ink for the church printer, food for church dinners, flowers for the altar and stamps to mail announcements to members. Until this year, I have kept receipts for all these things, along with notes as to what the purpose was. Do the new rules for 2007 mean I can no longer deduct these expenses?
You still can deduct those out-of-pocket expenses, and you're wise to do so. Many people forget to keep track of those unreimbursed costs and miss out on some tax deductions that can add up.
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