Donating Clothing, Money Helps Save on Taxes

If you want to deduct contributions of used goods made to ClothingDonations.org, the value of the deduction is approximately equal to whatever the goods’ fair market value was at the time of the donation. “You should clearly contribute, rather than throw out, old clothes, furniture and equipment that you no longer use,” Charity Navigator says. Be sure to get a receipt, however, if you plan to claim donations of used goods as a tax write-off, and if you donate money directly, the IRS will require a canceled check, credit card statement, bank statement or a written acknowledgment from the charity as proof.

CATEGORIES

FEATURED STORIES

Is Self Storage the Right Answer for You?

Read Article

Organize Your Desk and Office

Read Article

It’s Finally Spring (Cleaning) Time

Read Article

What Would Marie Kondo Do?

Read Article

SCHEDULE A PICK UP BY STATE

Copyright © 2018 ClothingDonations.org. All rights reserved.

SCHEDULE A PICK UP BY STATE

PRESENTED BY Copyright © 2018 ClothingDonations.org. All rights reserved.
X
- Enter Your Location -
- or -