How Much Can I Claim for Clothing Donations and Not Trigger an Audit?
Posted on February 1st, 2010 by admin
I have a big dollar amount to claim for clothing donations in 2009. What’s the highest I can I go as a percentage of AGI and not trigger any suspicion? The last thing I want is to get audited!
Keep in mind that to claim the donation you have to itemize your deductions. Is it enough to make itemized deductions higher than the standard deduction? I copied the following from www.irs.gov.
You must fill out Form 8283 (PDF), and attach it to your return, if your total deduction for all noncash contributions is more than $500. If you claim a deduction for a contribution of noncash property worth $5,000 or less, you must fill out Form 8283, Section A. If you claim a deduction for a contribution of noncash property worth more than $5,000, you will need a qualified appraisal of the noncash property and must fill out Form 8283, Section B. If you claim a deduction for a contribution of noncash property worth more than $5,000,000, you will also need to attach the qualified appraisal to your return.
February 1st, 2010 at 11:24 am
here in Texas $500.00 after that you need to show photos, filed a form with item descriptions and much more. Good Luck!
References :
February 1st, 2010 at 11:57 am
Keep in mind that to claim the donation you have to itemize your deductions. Is it enough to make itemized deductions higher than the standard deduction? I copied the following from http://www.irs.gov.
You must fill out Form 8283 (PDF), and attach it to your return, if your total deduction for all noncash contributions is more than $500. If you claim a deduction for a contribution of noncash property worth $5,000 or less, you must fill out Form 8283, Section A. If you claim a deduction for a contribution of noncash property worth more than $5,000, you will need a qualified appraisal of the noncash property and must fill out Form 8283, Section B. If you claim a deduction for a contribution of noncash property worth more than $5,000,000, you will also need to attach the qualified appraisal to your return.
References :