How To Create a Reimbursement Policy for Your Nonprofit Organization’s Allowable Expenses

How To Create a Reimbursement Policy for Your Nonprofit Organization’s Allowable Expenses

How To Create a Reimbursement Policy for Your Nonprofit Organization’s Allowable Expenses

Just like for-profit businesses, nonprofit organizations often use a reimbursement policy to pay mission-related employee expenses. According to the Internal Revenue Service (IRS), if a nonprofit employee spends their own money on an expense specifically for the nonprofit, they are eligible for reimbursement. 

Sometimes, though, the reimbursement process can be complicated because each reimbursement-eligible expense must be meticulously reported according to a specific set of guidelines from the government. This guide will list the nonprofit expenses the federal government deems reimbursable, explain how a nonprofit can create an IRS-compliant reimbursement policy, and provide other tips and tricks for nonprofit tax filing.

👁👉🏾 https://www.springly.org/en-us/blog/allowable-expenses-for-nonprofit-organizations/

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