Deductions for
Charitable Contributions
More Than Just Cash
Contributions are Deductible.
Everyone knows that cash contributions given to
charities are tax deductible. But did you realize that there are many more
things you give during the year that can become tax write-offs?
All those old clothes, dishes, appliances, and other items that you
cleaned out of your basement or attic can mean money in your pocket.
Instead of throwing them in the garbage, take them to the local thrift
store. Be sure to ask for a receipt. The fair market value of the items is
a charitable contribution.
Click here for
the Salvation Army's list of thrift-store price ranges for many clothing
and household items.
How many times do you use your car to transport the
youth group to an outing, or make deliveries for the local food pantry?
You are allowed to deduct 14 cents for each mile you drive for charitable
purposes. In addition, any out-of-pocket expenses you incur for a charity
qualifies as a charitable contribution.
