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

Answer 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 »

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

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 »

Can You Report International Donations on Your Taxes?

The charitable deduction the IRS makes available to taxpayers requires that the organization you make a donation to be a qualified organization with tax-exempt status, unless it's a religious organ... Read More »

Goodwill Donations & Taxes?

Goodwill is classified as a charity by the federal government, meaning that those who donate items to the thrift store are allowed to deduct the value if they itemize their income taxes, according ... Read More »

How to Value Donations for Taxes?

If you have made a donation to an organization that you want to claim on your taxes, you can claim only the fair market value of that donated item. According to the Internal Revenue Service, a sing... Read More »