Apr 10, 2019
Valuing Donated Goods for Tax Deduction
Major tax-preparation programs and applications from companies such as H&R Block, TaxAct and TurboTax offer valuation guides for used goods like those you often #donate to ClothingDonations.org, offering a range of values based on condition. Each pair of pants, for example, is worth about $5–$12 at resale, and that amount is deductible. Be forewarned, however, […]
Read More
Apr 9, 2019
At Tax Time, Decluttering Is Its Own Reward
Your 2018 tax returns won’t reward charitable #donations quite as much due to reforms included in the 2017 Tax Cuts and Jobs Act, which boosts the standard #deduction and makes itemizing less favorable for many taxpayers. But #donating used clothing, household goods, furniture, books and other items to ClothingDonations.org can at least encourage peace of mind […]
Read More
Apr 8, 2019
Claim a Deduction for Your Donations
When you #donate a substantial amount of used goods such as clothing, housewares, furniture, books and other items to ClothingDonations.org, you can claim a charitable deduction on your federal 1040 form if you itemize. The Internal Revenue Service (IRS) allows taxpayers to deduct the fair market value for such goods — an estimate of what […]
Read More
Mar 28, 2019
Spring-Clean During the Spring Rains
There’s no better time than a rainy spring day to “clean and organize something really well,” says Apartment Therapy. The site suggests scrubbing and #decluttering the kitchen cupboards, sorting through a linen closet and organizing the home library, but there are likely a number of areas in your home that could benefit from a carefully […]
Read More
Mar 27, 2019
Make a Few Rainy-Day Goals
Rainy days are not only good for spring cleaning, says WiseBread, they’re good for pursuing larger goals, too. You might choose to start a savings fund, for example, or get to work on an all-encompassing five-year life plan. You might start a new hobby, or revisit an old one. A dreary day can lend itself […]
Read More