2007-11-06 02:44:41 · 11 answers · asked by Rick B 2 in Business & Finance ➔ Taxes ➔ United States
You can, but I believe you have to itemize your deductions to take advantage of this write-off.
2007-11-06 02:51:26 · answer #1 · answered by Anonymous · 1⤊ 0⤋
As long as the value is a reasonable number, a donation to the SA is tax deductible. You will need to get a receipt from them for the item or items. The value is the current fair market value, which probably is nowhere close to what you paid for the item, it's what they can sell it for. The SA website gives values for a large number of items typically donated to them that you can use when valuing the donation.
Note that there are special IRS rules for donation of a car.
You don't deduct the amount off your taxes. If you itemize, you show it as a charitable deduction, and the amount of the donation is deducted from your income before taxes are calculated. If you don't itemize, you get no tax benefit from the donation and don't show it on your tax return.
2007-11-06 02:59:45 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
You can only deduct the fair market value from your taxes.
2007-11-06 02:48:05 · answer #3 · answered by killbasabill 6 · 0⤊ 0⤋
Yes you can, but there is an evaluation guide that is online on their, the Salvation Army's, web site.
2007-11-06 02:57:12 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes,but you need to ask for receipt.they are all different some will put 12 pairs of pants and car seat (whatever you turned in) and others just put date time etc on receipt...i always keep exact record.it comes straight off top!They take old computers,printers just about anything.
i do not take off anything when i put money in the pot for toys for tots ...
2007-11-06 02:49:07 · answer #5 · answered by hugsandhissyfits 7 · 0⤊ 0⤋
If you're interested, this is a popular forum for Salvation Army members, you may find more answers here...
http://foru.ms/f452-cyber-corps-salvation-army.html
2007-11-06 07:21:47 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Only if you use a Schedule A (itemized deductions).
2007-11-07 23:27:37 · answer #7 · answered by Gary 5 · 0⤊ 0⤋
My long answer disappeared when I tried to go to "preview"
So I'll give you the short one which is probably better--
Particularly with donations---I would refer to the IRS
publications which can be downloaded as I recall !
Go to " IRS.GOV " on the Internet --
2007-11-06 03:02:10 · answer #8 · answered by ytellu 3 · 0⤊ 0⤋
Yes, up to $500 (in USA) Over that amount you may have to present receipts.
Good luck
2007-11-06 02:48:01 · answer #9 · answered by we_are_legion99 5 · 0⤊ 1⤋
yes, donations are a tax write off
2007-11-06 02:47:34 · answer #10 · answered by Anonymous · 0⤊ 2⤋