Charitable Giving Information

Posts Tagged ‘goodwill’

Best Charities To Donate Clothes

Question: i heard that i can donate my used clothes to a charity for tax credit any info on this?

I heard that its possible to donate my used clothes and earn tax credits is this true if so whats the process?

Answer: If you itemize your deductions then yes you can. You must get a signed form from the charity listing the items and the approx. dollar amount of their worth. If they do not include the dollar amt. you can estimate this portion yourself but you must have the form to claim the deduction - for audit purposes. Over a certain dollar amount of charity.., it is a utomatic audit.

If you do not itemize your deductions - then there is no credit.

Don't dump it, Donate it -- From the Today Show

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