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Video instructions and help with filling out and completing goodwill donation spreadsheet template 2021
My name is penny toh cash I'm an enrolled agent in Jonesboro Georgia my company is tax facts Incorporated I'd like to speak with you today about how are you going to deduct the clothing donations that you gave to Salvation Army Goodwill etc first of all those donations must be given to a recognized charity that's a charity that has been licensed by the IRS so you're not going to be giving them to your friend or to your family and be able to write it off if you have donated a bag of clothes or individual items to Salvation Army then you need to itemize what those items are keep the receipt that they give you with that's dated and what the amount is determine a what this item will sell for in the thrift store value add those up and you are allowed to take them off on your tax return anything that is two hundred and fifty dollars or more at any one time has to be signed by the come find by the Salvation Army and you have to keep that on your records.