Irs Deduction Clothing
March 13th, 2010
Question: Donations and Tax Deductions?
Can I donate items of clothing $500.00 one day and then again totaling $500.00 in the same year? The clothing and shoes I am donating are very nice and expensive. It seems like I can not because of this link I read.
You cannot take a deduction for household goods donated after August 17, 2006, unless they are in good used condition or better. A household good that is not in good used condition or better for which you take a deduction of more than $500 requires a qualified appraisal. See Deduction over $500 for certain clothing or household items, later.
Deduction over $500 for certain clothing or household items. You must include with your return a qualified appraisal of any single item of clothing or any household item that is not in good used condition or better, that you donated after August 17, 2006, and for which you deduct more than $500. See Household Goods and Used Clothing, earlier.
http://www.irs.gov/publications/p561/ar02.html#d0e556
Answer: You can’t just split the donations across days. The $500 is for the year.
Also, be aware that you can only deduct the amount the items would be sold for at a thrift shop, even if they are very nice, and expensive.
Items on Amazon Right Now for Irs Deduction Clothing:
Calendar
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