Last year we donated a lot of baby cloths, and when I mean a lot I mean 6 5-gallon bags full. We estimated probably atleast $1000 dollars worth of cloths - I mean, on the order of mutiple hundreds of outfits. We made a few other donations of consumer electronics, and this tax year my accountant said I could only claim so much if I didn't have it certified. Is that true? Where do I get someone to certify my clothing donations, I have another 4 5-gallon trash bags of clothing that I've recently cleared out of my closets that I'd like to donate.
2007-05-20 07:24:01 · 6 answers · asked by Jason 1 in Business & Finance ➔ Taxes ➔ United States
The rules for deductions have changed, and among other rules, you can't take a deduction unless you have a detailed receipt from Goodwill.
2007-05-20 08:05:23 · answer #1 · answered by Judy 7 · 1⤊ 1⤋
Get receipts for the items you donate. Figure out a fair market value for them based on what a Goodwill store sells that type of items for.
2016-05-22 01:50:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋
ASK FOR A RECEIPT WHEN YOU DROP THEM OFF. GOODWILL WILL WORK WITH YOU ON AN ESTIMATED VALUE AND WRITE A RECEIPT FOR THAT AMOUNT. THIS IS CONSIDERED A LEGIT WRITE OFF WITH THE RECEIPTS TO BACK UP THE DONATION VALUE. IT USUALLY ISN'T A BIG DEAL UNTIL YOU GET IN THE LARGER DOLLAR AMOUNTS BUT THEY ALL ADD UP SO TRY TO GET ONE EVERY TIME.
2007-05-20 07:39:59 · answer #3 · answered by TERI 2 · 0⤊ 0⤋
ALWAYS GET A RECEIPT IF POSSIBLE AND THEY HAVE MADE SOME CHANGES...ANYONE THING WHCIH YOU DONATE AND CLAIM TO BE VALUED OVER 600 (I THINK) MUST BE APPRAISED IT MAY VERY WELL BE 500 IT IS KIND OF SAD BUT UNFORTUNATELY I KNOW IT TO BE NECESSARY, I KNEW THIS ONE LADY WHO DONATED A $1000.00 COUCH T GOODWILL ONE YEAR ...AND I REMEMBER THE YARD SALE SHE BOUGHT THAT COUCH AT...AND SHE IS NORMALLY ONE OF THE MOST HONEST PPL U WOULD EVER KNOW, BUT PPL GET CRAZY WHEN IT COMES TO DEDUCTIONS...SO DOCUMENT EVERYTHIGN DOCUMENTABLE!!!!!!
2007-05-23 17:19:09 · answer #4 · answered by kay 2 · 0⤊ 0⤋
most likely since its not that great an amount, you can use estimates. And you only need to worry about it if you qualify to use itemized deductions. If you take the standard deduction then it doesn't matter at all.
2007-05-20 09:30:05 · answer #5 · answered by Anonymous · 0⤊ 1⤋
You can get it certified by whatever charity you donate them to.
2007-05-20 07:26:58 · answer #6 · answered by Always Right 7 · 1⤊ 0⤋