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Goodwill donation spreadsheet template 2013-2024 Form: What You Should Know

It shows the basic values, with the additional data of cost and value derived from reports on actual donations. The list is the best I've found, and will give you a better idea of how much someone donated you. You are encouraged to donate clothing items and household goods to Goodwill Industries International.

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Please find below the corrected and simplified content: 1. My name is Penny Toh Cash. I'm an enrolled agent in Jonesboro, Georgia. My company is Tax Facts Incorporated. 2. I'd like to speak with you today about how to deduct clothing donations made to charities such as Salvation Army and Goodwill. 3. First of all, these donations must be given to a recognized charity, meaning a charity licensed by the IRS. Donating to friends or family members does not qualify for a tax write-off. 4. If you have donated a bag of clothes or individual items to Salvation Army, you need to itemize each item and keep the receipt they provide, including the date and donation amount. 5. Determine the thrift store value of each item and add them up. You are allowed to deduct this total on your tax return. 6. Any item or items worth $250 or more at one time must be appraised and signed by the Salvation Army. You also need to keep this documentation for your records.