The IRS Deductions Blog

Posts Tagged ‘donations tax deduction clothing’

Question: donation tax?

Hi, I am single, no kids, no house. I usually do standard deduction. However, I donated many clothes. Is it helpful if I file a itemized deduction for those donated clothes? What’s the min amount to file a itemized deduction in order to get more refunds?

Answer: Your best bet would be to figure your taxes both ways, using the standard deduction and the intemized deduction. Use whichever gives you the most back.

A good rule of thumb is that, unless you have a mortgage and pay interest, you are going to come out ahead using the standard deduction. Otherwise you probably won’t have enough deductions to equal or surpass the standard deduction.

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Authors@Google: Dean Karlan and Jacob Appel

Question: how do i know how much is my donations of goods worth for tax deduction purposes?

im planning on donating a box full of clothes, accessories, etc to a thrift store,, but i’ve never done this before and i would like to know how i would itemize for next year’s tax..
when i file my taxes next year will it ask for a $ amt of how much it’s worth? if so,, how would i know how much it is coz i do my own tax online..
will the thrift store give me some kind of receipt and will it have the amt on there?
will it even affect my tax? what’s the least amt i need to donate for it make a difference on my taxes

Answer: Walk around the thrift store and see what similar items are selling for – that’s what your deduction is, not what you paid for the items. For example, a shirt you paid $30 for might be a $2 deduction. Yes you’ll have to enter a value for your donation into the tax program. The thrift store will give you a receipt, but not with a value on it. Be sure to keep a list of the items you donated – keep it with the thrift store receipt, you’ll need both if the IRS asks to see them.

If you already itemize, even a small donation will affect your taxes. To itemize, your total Itemized Deductions (not just the donation) for 2009 would have to be over $11,400 if you file a joint return, or over $5700 if you’re single. Look at schedule A to see other itemized deductions. Unless you own a house with a mortgage, there’s a good chance you won’t have enough to itemize.

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10 Common Tax-Filing Mistakes to Avoid

To get exactly what you should from the IRS — and as quickly as possible — look out for these filing pitfalls.

Jay M. Levy Aventura inhabitant has been a representative for enormous things in the society. He has helped a lot of organizations throughout the years and we are rewarding him for his efforts.

Jay M. Levy, Aventura Florida native, has a great influence on the local community. Jay graduated college at American University which is located in Washington D.C. He graduated with a Bachelor of Science in Business Administration with a concentration in Marketing. As a graduate there and as an appreciation to his success Jay M. Levy has donated to some great organizations over the years and we would like to give a round of applause him for his kindness, and consideration. Some of the major donations Jay M. Levy has made are:

St. Judes Children’s Hospital

Miami Children’s Hospital

American Cancer Society

American Heart Association

Jimmy V Foundation for Cancer Research

Miami Jewish Federation

Hillel School, Aventura

On a business level Jay M. Levy aventura created a swimwear line in the early 1990’s – Southern Exposure Swimwear. This company is still thriving and doing business today. The internet based company can be found at

Outlook for Jay M. Levy Aventura Native:

Jay M. Levy aventura has been headed in the right direction over the past 10 years and it looks as though this is going to continue full force in the future. He is greatly appreciated for all of his past donations, help and business development. With so many people this day and age of having a focus on themselves, it seems as though Mr. Jay M. Levy aventura habitually considers those throughout his community.

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Bright lights, small city

Thursday’s Merchant Association meeting opened with reports of upcoming efforts to deck the halls, streets, storefronts and lamp posts of main street in hopes of promoting downtown Telluride as the place to shop and stroll this holiday season.