I have an absolute ton of stuff I need to get rid of. If I make a donation, do I write out all I donate myself for tax purposes, or do they do it? Thanks.
2007-09-07 12:48:37 · 10 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
To make sure its accurate, YOU should, as you will find it a hard time to get them to individually list everything you donated. If the donation is over $500 in goods, it is VERY WISE to make the list yourself, and have the charity sign off on it....
2007-09-11 11:11:07 · answer #1 · answered by I Can Count To Potato 7 · 0⤊ 0⤋
Depending on the depreciating value of your items, the Salvation Army will ask you if you want a receipt. Say yes and you are done. Remember that the value of the stuff that you are donating will be similar to the value that the salvation army will be selling it for.
Make a list of the donation and make "reasonable" judment of the value of the items donated.
$100 jeans are now $80 <---does not work
$100 jeans are now $5 <------YES!
2007-09-07 12:56:53 · answer #2 · answered by Anonymous · 0⤊ 0⤋
There is one thing that people need to be aware of regarding donations and income taxes. If you are able to file the long form 1040 and itemized then you can take it off your taxes. The Salvation Army and other charities fail to mention this one important point.
2007-09-07 14:59:02 · answer #3 · answered by Gary 5 · 0⤊ 0⤋
Prepare a list of what you are donating. The Salvation Army won't unless it is a few big valuable items.
2007-09-07 12:53:39 · answer #4 · answered by Anonymous · 0⤊ 0⤋
The Salvation military is a church with a venture. The donations interior the pink kettle pass to social provider missions and teens classes. The every day operations of their church homes are lined by tithes paid for by their individuals like all church homes. additionally, Salvationist are no longer paid to sing in church, play their instruments or different issues like different church homes pay for. they do no longer pay choir leaders or maximum lay human beings.
2016-10-10 04:03:04 · answer #5 · answered by Anonymous · 0⤊ 0⤋
check out the IRS website. they will specifically state the value of your items for tax purposes. bring an itemized receipt with you and have the charity sign off.
2007-09-07 13:07:32 · answer #6 · answered by CHARITY G 7 · 0⤊ 0⤋
They may or they may give you a dated receipt and you can list the items with the approx. value. Stay within reason and you shouldn't have too many problems.
2007-09-07 12:55:34 · answer #7 · answered by postal p 7 · 0⤊ 0⤋
Remember the value of used clothing and simlar stuff is cheap garage sale pricing.
2007-09-07 12:59:14 · answer #8 · answered by bdancer222 7 · 0⤊ 0⤋
You'll want them to sign a receipt, and you'll want someone to appraise your contribution.
2007-09-07 12:54:40 · answer #9 · answered by Anonymous · 0⤊ 0⤋
They give you a receipt.
2007-09-07 13:00:16 · answer #10 · answered by nursesr4evr 7 · 0⤊ 0⤋