How Can You Donate?
You bought some cloth but for some reason never wear it? You have a
computer system lying somewhere that you are no using anymore? Thing about
making a donation.
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Donate - The
Salvation Army (West Coast) - On their site, you can schedule a
pickup, and check your receipts.
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Determine the FMV - Valuation
Guide - Use this to determine the fair market value of the item you
donated. For more information, you can check IRS Publication 561
Determining the Value of Donated Property.
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Deduct - You can deduct the FMV of you donation when you file
your taxes. The short story: if each deduction is less than $250, you
just need to keep the receipt, determine the FMV using the table linked
above (keep a reference to this table) and deduct that value when you
file your taxes. See IRS Publication 526 -
Charitable Contributions for more information.
Disclamer
I am not an attorney and any advice given should not be
considered a legal option or legal advice. My interpretations are based upon
my understanding of the various laws and regulations and as such may be
incorrect. As I am not a lawyer and do not profess to be one, my opinions
are just that and should not be taken as legal advice.
