The IRS Deductions Blog

Posts Tagged ‘donations’

Items on Amazon Right Now for Tax Deduction For Donations:

Items on Amazon Right Now for Tax Deduction Calculator For Donations:

“File Past Year Taxes Online” Accountants To File Your Past Year Taxes Online!

Question: Does anyone know of a charity that would accept jewelry as a donation?

I have an old engagement ring that I would like to donate to a charity that is recognized by the IRS (for tax deduction purposes). Does anyone know of an organization that would accept a piece of jewelery? Thanks……

Answer: I might suggest a better alternative… send your ring to MIDWEST REFINERIES & donate the proceeds to whomever you choose. Midwest is not like those scams Gold kit and such. They are a real refinery – family run – take a very small (%5) of the gold value. I have done business with them for 2 years now. They don’t charge any Extra for assaying or melting. They pay you strait up 95% of the value of the gold in the jewelry. You can look them up at www/midwestrefineries.com No order is too small. If you send to them on Monday… many times I have gotten payment by the following Monday. Most Charities other than the salvation army wouldn’t know what to do with the Ring or it would unfortunately now days end up in someones pocket. I run a non profit & that is where we send all our jewelry we get from storage auctions or donaitons.

Items on Amazon Right Now for Irs Tax Deductions For Donations:

IRS TAX TIPS: Charitable Contributions (ASL, CAPTIONS, & AUDIO)

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.

Items on Amazon Right Now for Donations Tax Deduction Clothing:

Authors@Google: Dean Karlan and Jacob Appel

Question: Can I itemize state taxes for the whole 2009 if I bought a house in November 2009?

My question is: If I itemize on my 2009 tax return for a house that I bought in November 2009, can I deduct the entire amount of state taxes (and donations) I paid in 2009 or only the fraction for the two months I owned the house in 2009? If the full amount cannot be deducted, the standard deduction of $5700 will be higher than my itemized items and I would not itemize.

More Details:
Closed on the house November 19th, 2009.
Total prepaid interest and property taxes: $4505
State Taxes paid in 2009: $6000
Donations made: $720

Thank you!

Answer: if what you can itemize is greater than the standard deduction, by all means itemize

Items on Amazon Right Now for Tax Deductions For Donations 2009:

Car Donation To Charity = Car Donation Tax Deduction, Unless…