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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, […]
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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 […]
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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 […]
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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 […]
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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 […]
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