Should it not be that the Government should not allow individuals to be able to get a tax deduction for giving to the salvation army or Goodwill .I am referring to clothing , house appliances etc. unless it is money!
2007-02-15 05:50:00 · 5 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
Why? They should get a tax deduction, now you only get a deduction for the current value of the item. If you donate a $1000 couch that is 10 years old and the current value is $100, you can only deduct $100 and there is usually a max, I think $500 that be donated to 1 organization.
2007-02-15 05:54:02 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Actually, you can use that as a deduction; however, be certain to get a receipt from the person accepting the merchandise. You are then allowed to fill in the amount you feel the items would be worth. Of course, since they are used items and depending on the condition of them, you should remain realistic. What would these items sell for wholesale, or at a moving or garage sale. Then fill in the amount. Then, when they ask the question if you can provide proof, then you check 'yes' and maintain that receipt. If you do your taxes on-line with something like Tax Act or Turbo Tax, you do not have to present the receipt but must keep it filed with your tax papers in case they call you down. That happened to me as well and I had all my receipts in order. They then found no errors and I received my full refund.
2007-02-15 05:56:20 · answer #2 · answered by chole_24 5 · 0⤊ 0⤋
As Bash pointed out, the amount is such that you probably will never get to claim it. Even if you could claim it, you can't claim it until it's been paid and you haven't paid it. If the state files for an intercept, it's all or nothing. The state wants the money, not a payment plan. The fact you would rater get a refund and keep paying it each month is not an option.
2016-05-24 03:57:55 · answer #3 · answered by ? 4 · 0⤊ 0⤋
No. People paid for those goods at some point, why shouldn't they be able to collect some benefit for donating their used items rather than tossing them in the garbage? Who says money is the only decent way to donate? Money isn't everything.
You seem to have a real problem with people donating to charity.
2007-02-15 06:34:09 · answer #4 · answered by Goose&Tonic 6 · 0⤊ 0⤋
no.
2007-02-15 05:53:41 · answer #5 · answered by Anonymous · 0⤊ 0⤋