LIFamilies.com - Long Island, NY


RSS
Articles Business Directory Blog Real Estate Community Forum Shop My Family Contests

Log In Chat Index Search Rules Lingo Create Account

Quick navigation:   

Clothing donation tax deduction question...

Posted By Message

mishmosh
That's all I got.

Member since 7/06

1452 total posts

Name:
Michelle

Clothing donation tax deduction question...

After 3 months, DH and I finally binned up what didn't sell at our garage sale and brought it all over to Goodwill. We got a receipt. I know that the max deduction (without appraisal, etc) is $500, but is it per person? Or can I deduct $1K since we file jointly?

Posted 10/23/10 8:16 PM
 
Long Island Weddings
Long Island's Largest Bridal Resource

Christine
2nd verse same as the 1st

Member since 5/05

15287 total posts

Name:

Re: Clothing donation tax deduction question...

I am pretty sure it's one receipt = one deduction.

Posted 10/24/10 12:01 AM
 

mishmosh
That's all I got.

Member since 7/06

1452 total posts

Name:
Michelle

Re: Clothing donation tax deduction question...

The receipt doesn't have a dollar amount on it. It just says 6 bins of clothes, 1 bin of shoes. (some mine, some DH's) If I went through it all, the fair market value would be well over $500, but less than $5000. I know that you have to fill out form 8283 section A if you are claiming more than $500 in charitable donations. But is that single or joint? I was just trying to avoid filling out the additional form (bc I think the things need appraisal). Or am I not making any sense? That's a very good possibility.

On form 8323, there's all this stuff about getting an appraisal by a qualified individual, not the donor or donee. But is that just for donations of over $5000?

We do our taxes ourselves, otherwise we would consult an accountant. I figured this might be a quickie kind of answer.

Posted 10/24/10 9:46 AM
 
 

Potentially Related Topics:

Topic Posted By Started Replies Forum
Can anyone help? Tax deduction question headoverheels 2/19/10 10 Families Helping Families ™
Tax related deduction question.... CaseyGirl 1/8/07 3 Families Helping Families ™
Tax Free Week - January 30th thru February 5th (clothing and such) DjPiLL 1/26/06 9 Families Helping Families ™
Who to call for a clothing donation p/u LIBOUND 4/28/07 11 Families Helping Families ™
Is there a standard tax deduction/return for daycare? Rycois 8/6/09 1 Parenting
Tax question checka 8/26/05 3 Home
 
Quick navigation:   
Currently 313539 users on the LIFamilies.com Chat
New Businesses
1 More Rep
Carleton Hall of East Islip
J&A Building Services
LaraMae Health Coaching
Sonic Wellness
Julbaby Photography LLC
Ideal Uniforms
Teresa Geraghty Photography
Camelot Dream Homes
Long Island Wedding Boutique
MB Febus- Rodan & Fields
Camp Harbor
Market America-Shop.com
ACM Basement Waterproofing
Travel Tom

      Follow LIWeddings on Facebook

      Follow LIFamilies on Twitter
Long Island Bridal Shows