Why Did Duncan Bass Make 172 Trips to
Goodwill and the Salvation Army?
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You may remember Duncan Bass from last month’s article: Court Denies Clothing Donations to Goodwill and the Salvation Army.
You also may remember that Mr. Bass made the 172 trips to Goodwill and the Salvation Army to keep each receipt below $250. That was smart thinking on his part (though he put in a lot more effort than I would!)
Sadly, Mr. Bass lost his deductions because he
ran afoul of the “appraisal rule” that applied to
his aggregate clothing donations.
In my new article, I’ll show you how to donate clothing and household goods the right way so that you can qualify to keep your tax deductions.
When you donate clothing and household items,
you need to know this information:
- You need to find charities that qualify to receive clothing and household items
- The types of clothing and household items you can give to a charity
- How to value the deductions for clothing and household items
- Records you need to keep
- What happens on your tax return
- How to escape accuracy-related penalties
The bottom line:
Donating your used clothing and household items to a worthy charity does three great things:
- Gives you a tax deduction so you pay less in taxes
- Helps a worthy charity
- Cleans out the junk and used items from your house
Want to do good and do well? The first step is to…
CLICK HERE and read my completely new article titled:
Why Did Duncan Bass Make 172 Trips to
Goodwill and the Salvation Army?