Can i claim donations to Goodwill on my taxes?
Posted on January 17th, 2010 by admin
i dropped off 2 large bags of clothes to Goodwill and got a receipt for it. Is there any way i can claim that on my taxes? how will the value of the clothes be determined?
You need to determine the thrift store value of the items. You can use TurboTax’s free online tool at http://turbotax.intuit.com/personal-taxes/itsdeductible/index.jsp. If the value is more than $500, you are going to have to file Form 8283. These charitable deductions can only count if you have enough other itemized deductions to make itemizing worthwhile.