When you donate used clothing and household items to ClothingDonations.org, the Internal Revenue Service allows you to deduct the fair market value (FMV) of the items on your income tax return. FMV is the amount you can reasonably expect people to pay for used clothes and other items in secondhand stores; tax preparation software programs such as TurboTax can help ascribe a value to many common items.
Tag: help a veteran
Thank a Veteran
Sometimes a simple sign of gratitude goes a long way. If you’re looking for a way to help veterans, saying “thank you” to a grandparent, friend, relative or stranger means a lot. Make sure that the veterans you know (or don’t know) understand how much you appreciate their service.