Who donates to Goodwill or Salvation Army for tax purposes?

taylor13 · Dec 27, 2011

I've always donated a bag of clothes or whatever here and there and never tried to get the tax benefit.....but this year i have a whole bunch of clothes, tons of toys, tons of baby stuff, kitchen stuff, yard stuff just a bunch of shit i need to get rid of.

i've never donated for tax purposes, so lets say i donated 15-20 bags of clothes, toys, kitchen stuff, yard stuff etc......how would i go about getting the deduction on my taxes? and is it even worth the time it will take to do it?

BIGJBALLERS · Dec 27, 2011

It is worth the time. ON turbo tax you can itemize it and already has the prices in there. The process is pretty easy.

CujoLatte · Dec 27, 2011

Several times a year!

taylor13 · Dec 27, 2011

BIGJBALLERS said:
It is worth the time. ON turbo tax you can itemize it and already has the prices in there. The process is pretty easy.

thanks....How much stuff do you have to donate before you notice anything? I have alot of stuff this year, but last year i didnt have much and i tried to do it on turbo tax and it didnt increase my return

PO69 · Dec 27, 2011

Well first thing is that you have to itemize on your tax return. AND you have to exceed the level of $3000 I think. I cant remember the exact amount, but I do itemize because I have to itemize all of my poker losses against my poker winnings

BIGJBALLERS · Dec 27, 2011

PO69 i think it is 2500. Taylor i had around $750 dollars worth over the year and i noticed pretty decent difference.

taylor13 · Dec 27, 2011

thanks folks. i'm gonna take all my stuff tomorrow and itemize this year

boatboatboat · Dec 27, 2011

I donate my stuff and write it off for 250 bucks, buy it when they put it out for sale for 15 dollars, and donate it again, and write it off for another 250.

KillaRSox · Dec 27, 2011

I usually just bring it down to the local church. I'm not interested in getting any tax deduction for it.

tanner12oz · Dec 28, 2011

dropped stuff off on monday...typically they give me a blank slip

quantumleap · Dec 28, 2011

I believe TurboTax totals the price of all your deductions (business expense and travel, etc., not just donations) and compares it with the standard deduction. It suggests you use whichever is higher between itemized and standard.

If you have enough deductions that are more than the standard TurboTax will suggest you itemize. If not, it will suggest you take the standard.

Dante · Dec 28, 2011

i donate to places that give you a tax credit which is much better then a deduction ..in my area there is the idaho youth ranch and ARC...both give CREdiTS which is what you want as it actually gives you more money

Who donates to Goodwill or Salvation Army for tax purposes?

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