Tag: Donations

Furniture Donation Rockville, Silver Spring, MD, Home Improvement Store, furniture donations.#Furniture #donations


Locations:

ReStore Resale Store Rockville:

1029 East Gude Drive, Rockville, MD 20850

ReStore Resale Store Silver Spring:

12006 Plum Orchard Drive, Silver Spring, MD 20904

Furniture Donation Drop off Hours:

You can drop off your household goods, building supplies and furniture donations to the ReStore during these hours:

For more information about donating to ReStore please take a look at the Donate to ReStore section of our website.

Contact Information:

ReStore Phone: 301-947-3304

Schedule a pick-up for your furniture donation and household goods today!

Hours of Operation:

Monday Saturday: 9 am 6 pm

About ReStore

Habitat for Humanity ReStore® is a nonprofit retail outlet specializing in the resale of quality new and gently used furniture, antiques, appliances and building supplies. By taking in household goods and furniture donations, ReStore diverts tons of reusable materials from our local landfills. ReStore acts as a discount home improvement center as all items are sold to the public at deep discounts and all proceeds are used to fund the building of affordable housing in Montgomery and Prince George s Counties. To shop with a purpose and support a good cause come visit our nonprofit retail outlet in Rockville and Silver Spring today!

Sign up to receive ReStore Updates, Coupons and More!

Rewards Card Program Rules

After the card has been stamped 10 times or you have individual cards adding up to 10 stamps the card may be redeemed for 10% off your next purchase.

The value of the card may not be used with any other discount.

The program may be discontinued without notice at anytime by the Habitat ReStore management.


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Where to Donate Used Furniture to Charity, furniture donations.#Furniture #donations


Where to Donate Used Furniture to Charity

A few months ago, I decided that buying furniture online would be an ideal way to refurnish my house. However, when the pieces started to arrive, I quickly realized that much of my older furniture had to go.

At first, I planned to sell on Craigslist or run some eBay auctions, but in the end, I decided to donate the furniture to a local charity. If you donate your unwanted furniture to charity, you can deduct the donation from your taxes at the end of the year. This can add up to a sizable write-off, even if you do not have many pieces to donate.

For each piece of furniture you donate, you can deduct the current fair market value from your taxes. To make this process easier, the Salvation Army has a Donation Valuation Guide to help you determine the fair market value for your furniture. The guide has a low and high range for furnishings. Select fair and reasonable prices within this range to ensure the accuracy of your tax write-offs.

Several national charities will pick up furniture donations from your house, or you can take your furniture to a smaller nonprofit organization in your area.

Where to Donate Furniture Nationally

National charitable organizations have several drop-off locations throughout the United States, and most are willing to pick up your furniture donations. Make sure you get a receipt for your donations. Without a receipt, you don t have any way to prove that you donated the items, which is a potential problem if you are audited by the IRS.

National charitable organizations that accept donated furniture include:

1. The National Furniture Bank Association

The NFBA provides much needed furniture to 100,000 struggling families each year across the U.S. and Canada. The NFBA has a list of local donation centers in the U.S., and many local centers can pick up donated furniture from your house.

The organization accepts gently used furniture and some household goods. Items accepted for donation include children-sized and regular mattresses, couches, tables and chairs as well as dishes, pots and pans, and silverware.

2. Vietnam Veterans of America

The Vietnam Veterans of America (VVA) charity sells donated items to fund their programs for veterans. The charity accepts furniture and other household items, and also picks up donations from your house. You do not have to be present when the truck arrives to pick up your donations. You can schedule a pick up through the VVA donation site.

Donation Town maintains a database of local charities that pick up unwanted furniture for free. The site lists a few hundred different charities, and can provide you with information about local nonprofit organizations that accept and collect donated furniture. You can schedule a pickup through the Donation Town website.

Goodwill has locations all over the U.S. The Goodwill charity helps low-income and unemployed heads of household find full-time work. In addition, Goodwill also provides work training assistance, homeless shelters, and other temporary assistance to impoverished families.

The charitable organization accepts used furniture and other household items. Donated items go to fund their resale store, and the proceeds benefit the Goodwill charity. You can use the Goodwill Locator to find a drop-off center near you. Some Goodwill stores also pick up donated furniture.

Most donations to the Salvation Army go to stock the Salvation Army resale stores, but the charity also uses the furniture donations to furnish their homeless shelters. The Salvation Army accepts used furniture in good condition. You can locate a drop-off center on the Salvation Army website.

Where to Donate Furniture Locally

You can find local charities in your area that need furniture donations. Before you donate, contact a volunteer or representative at the charity to see if they offer receipts for tax purposes. While donating locally can help people in your neighborhood, make sure you donate to a nonprofit if you want the tax break.

Places to donate your furniture locally include:

Many homeless shelters and missions operate as independent charities, especially in urban areas that have a large homeless or at-risk population. These organizations provide shelter and meals to struggling families and accept donations including beds, couches, tables, and other small odds and ends. The United Way can provide you with a list of local homeless shelters in your area.

Battered women s shelters help victims of abuse and their children by providing them with a safe place to stay while they begin to rebuild their lives. Many of these organizations accept donations of used furniture and household items in good condition. Search your local newspaper s website or online to find battered women s shelters in your area.

Many local thrift stores accept gently used furniture donations for resale. Many thrift stores donate a portion of their proceeds to charity, and donations to nonprofit thrift stores are tax deductible. Use caution when donating items to thrift stores, however. Many are not nonprofit organizations, so double check with a manager before you donate.

Amateur theater groups often need furniture donations to build sets. Occasionally, they accept extremely beat-up furniture, or furniture you cannot donate anywhere else. You can find a local theater group by visiting your city s website. City websites usually have an entertainment section that lists local theater groups. You can also contact theater departments at local high schools or colleges.

Freecycle is not a charity organization. Users join the site and post ads for anything they want to give away, including furniture. Other users can browse the ads and schedule a time to pick up the items they want. You won t get a tax break by using Freecycle, but you can help some needy families in your neighborhood.

FreeSharing works similarly to Freecycle. You must sign up for the site, and then you can post or browse ads for a wide variety of free items. Although Freeshare isn t as popular as Freecycle, the website has more than 400,000 members.

Final Word

You can receive a tax deduction at the end of the year when you donate good quality furniture, books, clothes, electronics, and other household items to a nonprofit organization. The IRS publication Determining the Value of Donated Property provides extensive details about the guidelines for donating furniture and household goods.

When you donate furniture, ask for receipts and be sure to retain them. If you have to participate in an IRS tax audit, you may need to produce receipts for donated items.

Have you donated furniture before? Which organizations did you give to?


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Furniture donations, furniture donations.#Furniture #donations


Donate

Donate FREE Pick-Up

Donate your home improvement items (appliances, furniture, etc.) and we ll turn them into housing for families in need! You can drop off your items 7 days a week or we can pick up your donation for FREE!

Please review our donation guidelines before scheduling your pick up attached to the link at the bottom of the page..

Furniture

Gently-used condition: no rips, tears, stains, deep scratches or water damage.

No busy fabric patterns on upholstered items (such as floral or plaid).

  • Sofas, love seats
  • Recliners
  • Living room tables
  • Dining room sets
  • Dressers/bureaus
  • Nightstands
  • Table sets
  • Bookcases
  • Bed frames
  • Pianos/organs (drop off only)
  • Entertainment centers
  • Wall units
  • Television cabinets
  • China cabinets
  • Tables without chairs
  • Loose dining chairs
  • Mattresses or box springs
  • Loose headboards
  • Bunk beds without safety features
  • Executive desks

Household items

  • Glassware
  • Lamps
  • Vases
  • Wall art
  • Décor
  • Weights
  • Treadmills
  • Exercise bikes
  • Dishes
  • Pots and pans
  • Holiday decor out of season
  • VHS tapes
  • CDs
  • Electronics over five years old
  • Tube televisions
  • Used children’s toys
  • Books
  • Unshielded halogen lamps

Appliances- Appliances must be disconnected before donation pick up.

  • Stoves
  • Microwaves
  • Dishwashers
  • Small appliances
  • Air conditioners
  • Hot water heaters
  • Trash compactors
  • Freezers
  • Range hoods
  • Appliances over ten years old

Building Materials- Cabinets must be removed from the wall before donation pick up.

  • Tools
  • Kitchen cabinets
  • Lighting fixtures
  • Toilets
  • Sinks
  • Vanities
  • Ceiling fans
  • Steel exterior doors
  • Windows
  • Insulation
  • Sheet rock
  • Lumber
  • Tile 30ft 2 or more
  • Formica countertops
  • Pastel-colored bathroom pieces
  • Cabinets without attached doors
  • Refrigerators without attached doors
  • Used window treatments or blinds
  • Used Paints, chemicals, or cleaners
  • Unframed mirrors or glass
  • Used interior doors
  • Used wood or vinyl flooring
  • Used wood trim

Outdoor and Garden

  • Lawnmowers
  • Lawn tools
  • Chainsaws
  • Flowers
  • Hoses
  • Snow Blowers
  • Edgers
  • Weed Wackers
  • Pavers (drop off only)
  • Sheds (drop off only)
  • Trailers (drop off only)
  • Rusted grills

Soft Goods

Please bundle these into trash bags!

  • Blankets
  • Shirts
  • Pants
  • Coats
  • Shoes
  • Stuffed animals
  • Luggage

Please review our Donation FAQ s if you are still unsure how the process works. If you have any additional questions please call our ReStore at (856) 439-6717 ext. 111

All donations made to the Habitat for Humanity ReStore are tax deductible. We are a 501(c)(3) and our charity number (EIN) is 22-2905055.

Furniture donations


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Donate Stuff, Goodwill Industries International, Inc, furniture donations.#Furniture #donations


Donate Stuff

Has Helped Goodwill ® Get

It’s simple. When you donate your stuff to Goodwill®, you create opportunities for individuals in your community looking to find a job and build skills, including veterans and military families, single mothers and many others.

Last year, you helped local Goodwill organizations collectively place 313,000 people in employment in the United States and Canada. In addition, more than 34 million people used computers and mobile devices to access Goodwill education, training, mentoring and online learning services to strengthen their skills.

Your impact doesn’t end there — the planet also benefits when you choose to ditch the dumpster and drop your items at Goodwill. Over the past few years alone, you ve helped keep billions of pounds of clothing and household items out of landfills.

How to Donate

Furniture donations

Being a job creator is easy! Just follow these three steps.

Step 1: Gather Your Stuff

Walk around your home and collect items you and your family no longer need — that shirt that’s been hanging in the back of your closet for three years, the toy trike your five-year old has outgrown, the holiday gift from grandma you never quite found a place for, etc.

Step 2: Give Them a Look Over

Donating items that are in working condition, contain all of their pieces and parts, and are free of stains and rips is the best way to ensure that your goods do the most good. While we accept most clothing and household items, there are a few things we can’t accept – such as items that have been recalled, banned or do not meet current safety standards. In addition, if you’re looking to donate specialty items such as computers, vehicles or mattresses, it’s best to give your local Goodwill organization a call first to find out any rules or restrictions around these items.

Step 3: Go to Goodwill

Ready to drop off your items? Just use our locator at the top of the page or on our homepage and check the box for “Donation Site” to find your nearest Goodwill drop-off location. Donating a lot of items? Some Goodwills offer donation pickup services – give yours a call to find out what’s available in your area.

Each year, we also get together with our partners to offer unique donation drives, giving you the chance to drop off your items at retail stores, college campuses and more. Stay tuned to this space for information about new opportunities to donate through our partners.

SPECIAL NOTE: Donation Bins

While we invite you to visit one of Goodwill s many attended donation centers, we understand that donation bins may represent a more convenient option for your donation needs. Unfortunately, many goods that wind up in donation bins end up supporting for-profit groups, rather than aiding nonprofit, charitable organizations. To help you make informed donation decisions, we offer the following handy guide.

Furniture donations

How You Help

Furniture donations

When you donate to Goodwill, you’ve taken the opportunity to become a job creator and make a significant difference in the lives of individuals living in your community. After you drop off your shirts, shoes, blankets, electronics and other items, we sell them in one of our more than 3,200 Goodwill stores or on our online auction site, shopgoodwill.com. When someone buys your item, we use that money to fund job training and other services.

Maximizing the value of your donations is important to us. In 2016, we used 87 percent of the revenue generated through your donated stuff to support and grow programs that result in significant social impact for your community members in need of work.

Want to know just how much good your donations are doing? After you drop off your items at Goodwill, use our Donation Impact Calculator [available in the Goodwill locator] to calculate the number of hours of career counseling, on-the-job training, résumé preparation and other services you’ve helped provide.

Your donations are good for the planet as well. Dell Reconnect, a partnership between Goodwill and Dell, has kept more than 324 million pounds of computer electronics out of the landfills since 2004.

And finally, a word of warning: some thrift stores solicit donations under the name of a charity, but as little as five percent of the money generated from these donations may actually go to the charity. Find out more (PDF) about the charities you’d like to support before making a donation.

Who You Help

Furniture donations

Thanks to the programs made possible by your donations, more than 313,000 people earned jobs in 2016 – that’s one person finding a job every 23 seconds of every business day.

Your donated stuff helps create jobs for people like Jim, a man with multiple disabilities who developed his job skills in Goodwill stores; Shay, a single mother who trained for a new career in the construction industry; and Jason, a Marine Corps veteran who started his own security business employing fellow veterans.

Each week, we feature a new first-person story from someone who earned a job or advance their skills with Goodwill’s support. Check out the latest stories below, explore our archive featuring stories from more than 200 individuals and subscribe to receive email updates whenever we add new stories.

Furniture donations

Furniture donations

Furniture donations


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Tax Deductions Donations – Job Search And Employment Opportunities, tax deductions for donations.#Tax #deductions

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How you can claim your tax credits for donations to donee organisations (Donations, grants

Tax deductions for donations

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How you can claim your tax credits for donations to donee organisations

From 1 April 2014 you can only claim donation tax credits within a period of four years, following the year in which the gift was made.

If the donation is an unconditional gift

Example

You belong to a charitable organisation and donate money towards a project the group is working on. If your donation doesn’t entitle you to receive anything in return, it’s an unconditional gift.

Donations that are unconditional gifts can include:

  • door-to-door appeals and street collections
  • bequests
  • voluntary school fees (but not school activity fees).

If the donation is not an unconditional gift

Example

You belong to a charitable organisation and pay to advertise your business in their monthly magazine. This is not an unconditional gift because you receive something of value in return, so you can’t claim a tax credit for it.

Donations that aren’t unconditional gifts can include:

  • subscriptions
  • income from trading activities
  • payments made by the Crown or a public authority.

If your koha payments or gifts are tax deductible

Your koha, donations or gifts may be tax deductible if:

  • the gift or koha is linked to the giver’s business or taxable activity and
  • adequate records are kept to support the payment and linkage.

How to Get Tax Deductions on Goodwill Donations: 15 Steps, tax deductions for donations.#Tax

How to Get Tax Deductions on Goodwill Donations

Goodwill is a large non-profit organization in the United States and Canada with a mission of “enhancing[ing] the dignity and quality of life of individuals and families. ” [1] Goodwill thrift stores accept donations of clothes, furniture, computers and much more provided they are in serviceable condition. If you itemize your deductions on your tax return, you can deduct these donations to Goodwill, making this a great way to support a good cause while decreasing your tax liability.

Steps Edit

Part One of Two:

Making Your Donation Edit

This section gives instructions for making tax-deductible donations. Click here to go straight to the section on filling out your paperwork.

Tax deductions for donations

Tax deductions for donations

Tax deductions for donations

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Tax Deductions for Charitable Giving – The Nonprofit – s Responsibilities, tax deductions for

Tax Deductions for Charitable Giving – The Nonprofit s Responsibilities

The words “your contribution is tax deductible” are music to a donor’s ears. While getting a tax deduction is not the sole motivation for most charitable donations, it’s an important factor — indeed, about 85% of all charitable contributions are made by individuals who deduct their donations.

However, not all charitable contributions are tax deductible. Whether a donation is deductible depends on a number of factors — including who the donation is given to, when the donation is made, the purpose of the donation, and the donor’s particular tax situation. An identical contribution may be deductible by one donor, but not by another.

To complicate matters, the IRS has imposed new, even more restrictive rules on donations. These new rules require more documentation and tax filings by both nonprofits and the people making donations to them. In some cases, the new rules limit the amount that the donor can deduct. All this has made the charitable fundraiser’s (and donor’s) life more difficult than it used to be.

Contributions, Donations, and Gifts

The words “contribution,” “donation,” or “gift” are typically used to refer to money or property received from a donor. These words mean essentially the same thing and are often used interchangeably. In the nonprofit world, however, people tend to use the word donation for small gifts — say an item of clothing — and reserve the word contribution for larger gifts — real estate, for example.

Charitable deductions are claimed by donors on their individual tax returns (IRS Form 1040). It is up to the donor and his or her tax adviser — not the nonprofit that receives a donation — to determine how much to deduct, and when and how to deduct it. The nonprofit’s role in the charitable tax deduction process is fairly limited. Subject to some important exceptions, a nonprofit is not required to report donations to the IRS or make any tax filings when it receives a donation. The nonprofit’s main responsibility is to make sure it complies with any substantiation and documentation requirements for the donations it receives.

Is a Donation Tax Deductible?

Whether — and to what extent — a donation is tax deductible depends on a donor’s particular tax situation. Donors, with the help of a tax adviser if necessary, must apply the general deductibility rules to their specific circumstances. Each donor’s situation is unique and will affect how much that person can deduct, or whether a donation is deductible at all. Thus, no matter what role you have at your nonprofit, you should never give a donor specific legal or tax advice on donations. You are not the donor’s lawyer or tax adviser.

This is also why blanket statements in fundraising solicitations or thank you letters such as “your contribution is tax deductible” — while they may be technically accurate and perfectly legal — are often misleading. Instead, in letters to donors you should state that your nonprofit is a Section 501(c)3 nonprofit and (if potentially true) that their gift may qualify as a charitable deduction for federal income tax purposes. Its also a good idea to advise donors to consult with their tax advisers or the IRS to determine whether a contribution is deductible. Never promise or assure a donor that it is.

That said, it is never in a nonprofit’s interest to lose a valuable charitable deduction because the donor didn’t understand the tax rules. Likewise, it is not good for a donor to make a contribution thinking it will be deductible when it is not or that it will save more in taxes than it really will. In either case, you’ll end up with a disappointed or angry donor who may decide not to make any more contributions to your nonprofit.

Teaching About Charitable Contribution Rules

While not everyone at your nonprofit needs to become an expert on charitable contribution tax rules, it is helpful if some key people on your staff — particularly those involved in fundraising efforts — understand the basic charitable deduction rules. This might include your:

  • executive director
  • development director
  • board of directors
  • paid development staff
  • paid staff in nondevelopment roles
  • key writers and editors of your newsletter and other communications
  • volunteer coordinator
  • volunteers who help fundraise, and
  • outside consultants.

IRS rules make some types of donations easier or more advantageous tax-wise than others. This ends up encouraging people to make certain types of donations while discouraging other types. Your fundraising strategies should always take into consideration the tax effect of a donation. You can use fundraising letters, emails, and other communications to explain to potential donors the tax benefits of particular types of donations — for example, in your fundraising letter, you could advise donors of the potential tax benefits of donating publicly traded stock that has gone up in value since it was purchased.

Your nonprofit can also help make sure that your donors understand the current IRS requirements for donations by posting basic information on your website, perhaps in the form of FAQs (frequently asked questions). You can also refer donors to the IRS publication on the subject, IRS Publication 526, Charitable Contributions.

Thank-You Gifts and Other Value Received by the Donor

If your nonprofit provided any goods or services in exchange for a donation — for example, an umbrella in return for a donation, a meal at your anniversary gala, or a fruit basket in return for the donor’s winning bid at your silent auction — only a portion of the donor’s contribution is tax deductible. The donor should not claim a tax deduction for the portion of the donation that paid for the fair value of the goods and services (unless that value was relatively insubtantial, as described under, “Is Your Nonprofit Overpromising Tax Deductions?”).

The technical way of saying this is “The tax deduction is limited to the excess of the contribution over the fair market value of any items received in exchange for the donation.” To help donors estimate the deductible portion of a donation, you can include one of the following statements in a receipt or thank you letter, depending on the circumstances: No goods or services of any value were provided to you in exchange for your donation. Or: The estimated value of goods or services provided in return for your donation is $_____.

In all thank you letters, its a good idea to include the following reminder for donors: Please keep this written acknowledgment of your donation for your tax records.


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  • Donations to Charities are Tax Deductible, tax deductions for donations.#Tax #deductions #for #donations


    The Tax Deduction for Charitable Donations

    Tax deductions for donations

    Tax deductions for donations

    Even the Internal Revenue Service thinks it s better to give than to receive — at least the IRS gives you a tax break for giving. Donations to qualified charities are considered tax deductible expenses so they can reduce your taxable income, lowering your tax bill.

    Not everyone can deduct their charitable contributions, however. You must itemize your tax deductions to claim any charitable donation, and this is typically only in your best interest if the total of all your itemized deductions exceeds the amount of the standard deduction you would receive for your filing status.

    How to Claim a Deduction for Charitable Donations

    You claim a tax deduction for charitable giving on Schedule A of Form 1040. The schedule isn t just for claiming charitable donations. It includes and calculates all itemized deductions you re eligible to claim so you can transfer the total to your tax return in lieu of the standard deduction. Other possible itemized deductions include things like medical and dental expenses you paid for yourself or your dependents over the course of the year — including insurance premiums — as well as other taxes you may have paid and home mortgage interest.

    Rules for Claiming the Charitable Contribution Deduction

    The IRS imposes several rules for claiming a deduction for charitable contributions:

    • You must actually donate cash or property. A pledge or promise to donate is not deductible until you actually pay.
    • You must contribute to a qualified tax-exempt organization. Charities will let you know if they have 501(c)(3) tax-exempt status, but some organizations, including churches and other religious organizations, are not required to obtain 501(c)(3) status from the IRS. They count as qualified charities regardless, as do trusts and non-profit volunteer fire companies.
    • You must meet several recordkeeping requirements. This includes saving canceled checks, acknowledgment letters from the charity and appraisals determining the value of donated property.

    Keeping Records of Your Donation

    Your written records must indicate the name of the charitable organization, the date of your contribution and the amount you gave.

    Canceled checks work well because the name of the charity, the date and the amount of the gift are all appear there. Bank statements are good, too, when they show a gift paid by debit card, and credit card statements work when they show this same information.

    Charitable organizations will often provide donors with written letters of acknowledgment or receipts. The IRS can disallow charitable donations of $250 or more if you don t have a written acknowledgement from the charity to document your gift. If you make more than one contribution over this amount, you ll need a separate acknowledgment for each one or the single acknowledgment must list each donation in detail with the date you made them.

    Non-Cash Contributions

    You have to be able to substantiate the fair market value of goods or property you donate, including vehicles, boats or even planes, and you ll need a written acknowledgment from the charity for this type of gift as well. You must fill out Form 8283 and include this with your tax return if the property is worth more than $500.

    Tips for Donating Non-Cash Items

    • Make a list of the items you re giving away. You ll need these details for Form 8283.
    • Note the condition of each item and arrive at a value. The IRS will allow a deduction for any item that s in good working condition or better. In other words, don t bother to claim a deduction for that old TV in your basement that hasn t worked in years, even if it just needs a single new part. At the very least, you must have it valued in its current condition without the new part. You can use valuation guidelines provided online by the Salvation Army or Goodwill for common items such as clothing, small appliances and other household goods, Save the price tag and/or store receipt to prove the item s value if it s brand new.
    • You can claim a deduction for food and groceries, too. You can deduct the cost if you donate groceries to a charity as well. Just be sure to get a written acknowledgement of your donation and keep your grocery store receipt to prove the prices of the items.
    • Consider taking pictures of your donations. Having a picture handy of what you donated can be useful, especially if you re donating a lot of items. This isn t technically a requirement, but it can t hurt in the unlikely event that your return is audited. Just snap away on your phone, then send the pictures to your hard drive and save them.
    • Prepare your own receipt to prove the donation. If you write it yourself ahead of time, you can simply have it signed when you drop off your items. This way you can rest assured that the receipt is correct and it includes all the information you need.
    • Obtain a written appraisal if you re donating property worth more than $5,000.

    Limits on the Charitable Contribution Deduction

    Generally, you can deduct contributions up to 30 or 50 percent of your adjusted gross income depending on the nature and tax-exempt status of the charity you re giving to. You can deduct contributions of appreciated capital gains assets up to 20 percent of your AGI.

    Don t worry if your gifts exceed these thresholds. You can carry the excess over to subsequent tax year. Excess contributions can be carried over for a maximum of five years.

    Your deduction may be affected if your AGI is too high, however: $311,300 if you re married and filing jointly, $285,350 if you re eligible to file as head of household, $259,400 if you re single, and $155,650 if you re married but elect to file a separate tax return. If you earn more than this, the total of your itemized deductions is limited to 80 percent of your AGI or 3 percent of the amount by which your income exceeds the limit, whichever is less.

    What s Not Deductible

    Some contributions aren t tax deductible, including gifts made to:

    • Political parties, political campaigns or political action committees
    • Gifts donated to individual people
    • Contributions to labor unions, chambers of commerce or business associations
    • Contributions to for-profit schools and hospitals
    • Contributions to foreign governments

    That still allows for a lot of charitable giving to whittle away at your tax liability if you want to itemize.


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