A. No. The donation of blood isn’t a qualified medical expense because it isn’t incurred for treatment of your own medical illness or condition. In any case, because you’re essentially donating a service instead of giving away tangible property, no charitable deduction is allowed. This is the same reasoning that prohibits deductions for various charitable services. However, like other charitable volunteers, you can deduct unreimbursed out-of-pocket expenses, such as transportation to the hospital.
Tip: Some states have authorized tax benefits for donating blood.