mr. and mrs. mead, both full-time teachers, wanted to volunteer their services to work for the tsunami victims. their services consisted of going to various neighborhoods in the community to raise funds for tsunami relief. while volunteering the meads kept records of the costs involved. these costs included time spent, out-of-pocket expenses for travel, and car expenses. the meads valued their volunteered time at $500 total for the year. out of pocket expenses that were directly related to their services rendered: $25 for parking fees $350 for gas and oil car expenses for new tires $200 car registration fees $90 if the meads elect to take the actual expenses, how much can they deduct on their tax return?
