Donating household items to a charity is doubly good. On the one hand, your donations benefits others, those that get help from the charities and those who are able to buy the things they need and want for a low price. On the other hand, you can get a tax benefit for anything that you donate, saving you money in the process of blessing others. In order to get the maximum benefit from your donations, there are a few things that you need to know. Get a Receipt Every Time In order to claim your deductions for charitable contributions, you … Continue reading →

Right around this time of year, I start adding up all of our charitable deductions. Donations to Goodwill and other non-profit thrift stores are a big part of that. One year, when we did a major clean out, we totaled almost $5,000 in charitable donations of clothing and household goods! If you haven’t been taking write-offs for your charitable donations, make sure that you get started this year. You really can save quite a bit on your taxes, as long as you remember a few tips. What Are Your Charitable Donations Worth? When you donate goods to a charity, you … Continue reading →