Comments on: How To Value Your Clothing Donations and Get A Tax Deduction http://www.moneybluebook.com/how-to-value-your-clothing-donations-and-get-a-tax-deduction/ Personal Finance Beyond Credit Cards and Balance Transfers Tue, 07 Oct 2008 04:38:09 +0000 http://wordpress.org/?v=2.6.2 By: You Can Buy New Pants « Just Cuz Acts - Random Acts of Good Stuff http://www.moneybluebook.com/how-to-value-your-clothing-donations-and-get-a-tax-deduction/#comment-19387 You Can Buy New Pants « Just Cuz Acts - Random Acts of Good Stuff Mon, 30 Jun 2008 10:53:55 +0000 http://www.moneybluebook.com/how-to-value-your-clothing-donations-and-get-a-tax-deduction/#comment-19387 [...]  I’m no tax expert, so it’s best to check with the IRS.  Or you can check out THIS ARTICLE for more information on [...] [...]  I’m no tax expert, so it’s best to check with the IRS.  Or you can check out THIS ARTICLE for more information on [...]

]]> By: Bob http://www.moneybluebook.com/how-to-value-your-clothing-donations-and-get-a-tax-deduction/#comment-18843 Bob Thu, 26 Jun 2008 17:40:42 +0000 http://www.moneybluebook.com/how-to-value-your-clothing-donations-and-get-a-tax-deduction/#comment-18843 To get an idea and help organize donations, you can use a tax website service such as turbotax.com. You don't have to submit your taxes through there, but they will let you register and go through the entire process without having paid or submitted. Turbotax actually has a well organized page for donations and it calculates a reasonable cost for each item for you. Useful if you don't know how much to claim. To get an idea and help organize donations, you can use a tax website service such as turbotax.com. You don’t have to submit your taxes through there, but they will let you register and go through the entire process without having paid or submitted. Turbotax actually has a well organized page for donations and it calculates a reasonable cost for each item for you. Useful if you don’t know how much to claim.

]]> By: Debi http://www.moneybluebook.com/how-to-value-your-clothing-donations-and-get-a-tax-deduction/#comment-17305 Debi Thu, 12 Jun 2008 14:30:39 +0000 http://www.moneybluebook.com/how-to-value-your-clothing-donations-and-get-a-tax-deduction/#comment-17305 Laura: The Goodwill website lists many household and miscellaneous items that the Salvation Army site does not. You should be able to find what you need there. Laura:

The Goodwill website lists many household and miscellaneous items that the Salvation Army site does not. You should be able to find what you need there.

]]> By: Laura http://www.moneybluebook.com/how-to-value-your-clothing-donations-and-get-a-tax-deduction/#comment-9251 Laura Tue, 29 Apr 2008 03:38:31 +0000 http://www.moneybluebook.com/how-to-value-your-clothing-donations-and-get-a-tax-deduction/#comment-9251 I am starting to understand the Charitable Tax Deduction (this will be a first for us), but I have another question - can I donate toys and kitchen items (such as pans, plates, cups, etc.) and write them off too? We recently moved and downsized. The Salvation Army site was an excellent site as it gave estimated prices for the obvious items (such as clothing, sheets, etc.) but mentioned nothing about toys and kitchen items. I am starting to understand the Charitable Tax Deduction (this will be a first for us), but I have another question - can I donate toys and kitchen items (such as pans, plates, cups, etc.) and write them off too? We recently moved and downsized. The Salvation Army site was an excellent site as it gave estimated prices for the obvious items (such as clothing, sheets, etc.) but mentioned nothing about toys and kitchen items.

]]> By: BudgetPretty http://www.moneybluebook.com/how-to-value-your-clothing-donations-and-get-a-tax-deduction/#comment-6496 BudgetPretty Wed, 09 Apr 2008 21:37:08 +0000 http://www.moneybluebook.com/how-to-value-your-clothing-donations-and-get-a-tax-deduction/#comment-6496 Thank you for the detailed article. I have been searching for a detailed post on how to go about doing this. I always asked myself how I could protect myself in an audit if the charity gives you a receipt as vague as "3 bags of stuff". I do not own a home yet, but I do have education/college expenses and student loan interest I write off. I never requested receipts and finally thought about doing that since my income increased a lot since last year. Can I still benefit from the Charitable Tax Deduction? I do have a lot to donate. Thank you for the detailed article. I have been searching for a detailed post on how to go about doing this. I always asked myself how I could protect myself in an audit if the charity gives you a receipt as vague as “3 bags of stuff”. I do not own a home yet, but I do have education/college expenses and student loan interest I write off. I never requested receipts and finally thought about doing that since my income increased a lot since last year. Can I still benefit from the Charitable Tax Deduction? I do have a lot to donate.

]]> By: From Theory To Practice: The Festival of Frugality | I've Paid For This Twice Already... http://www.moneybluebook.com/how-to-value-your-clothing-donations-and-get-a-tax-deduction/#comment-4846 From Theory To Practice: The Festival of Frugality | I've Paid For This Twice Already... Tue, 18 Mar 2008 09:58:03 +0000 http://www.moneybluebook.com/how-to-value-your-clothing-donations-and-get-a-tax-deduction/#comment-4846 [...] Money Blue Book wants you to get the most tax benefit for your donations with How To Value Your Clothing Donations and Get A Tax Deduction. [...] [...] Money Blue Book wants you to get the most tax benefit for your donations with How To Value Your Clothing Donations and Get A Tax Deduction. [...]

]]> By: Raymond http://www.moneybluebook.com/how-to-value-your-clothing-donations-and-get-a-tax-deduction/#comment-4663 Raymond Fri, 14 Mar 2008 18:32:49 +0000 http://www.moneybluebook.com/how-to-value-your-clothing-donations-and-get-a-tax-deduction/#comment-4663 Mimoji, That's why unless you have a huge household with a sizable continuous supply of old clothes, you probably should just accumulate and donate every 1-3 years. But sometimes, when people make a big move or perhaps move to a nursing home for example, there is often a significant amount of unused belongings left behind (a lifetime worth of accumulation). The more expensive unwanted items can be sold on eBay, with the rest donated to charity. Mimoji,

That’s why unless you have a huge household with a sizable continuous supply of old clothes, you probably should just accumulate and donate every 1-3 years.

But sometimes, when people make a big move or perhaps move to a nursing home for example, there is often a significant amount of unused belongings left behind (a lifetime worth of accumulation). The more expensive unwanted items can be sold on eBay, with the rest donated to charity.

]]> By: Mimoji http://www.moneybluebook.com/how-to-value-your-clothing-donations-and-get-a-tax-deduction/#comment-4662 Mimoji Fri, 14 Mar 2008 18:01:27 +0000 http://www.moneybluebook.com/how-to-value-your-clothing-donations-and-get-a-tax-deduction/#comment-4662 How much would you actually get back from doing this? Seems like it's more work than benefit (financially, I mean). How much would you actually get back from doing this? Seems like it’s more work than benefit (financially, I mean).

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