How much can you deduct from your taxes for clothing donations?

Answer Making clothing donations is a smart way to trim your tax bill, as you can deduct your clothing donations from your taxes. You must be truthful and honest when calculating how much you will deduct... Read More »

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What Can You Deduct From Taxes for Clothing Contributions?

The Internal Revenue Service (IRS) permits taxpayers to deduct donations made to charitable organizations, including clothing, from their income taxes. To claim donations, taxpayers must itemize de... Read More »

How to Calculate Clothing Donations for Taxes?

A number of non-profit organizations, like Goodwill and St. Vincent De Paul, provide community aid through selling second hand goods. Each year people donate clothing, furniture, computers, applian... Read More »

How much in donations can you write off on your taxes?

For most donations, your deduction cannot exceed 50 percent of your Adjusted Gross Income (AGI). Contributions to veterans' organizations, fraternal societies and nonprofit cemeteries are limited t... Read More »

How much can i deduct from my taxes if i donate my junk vehicle?

According to the IRS, if your car is valued over $500 the amount you can deduct from your taxes for donating it depends on how much the charity receives from selling your car. You can claim the gro... Read More »