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 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 »

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 »

Can PTA donations be deducted on taxes?

The national Parent Teacher Association, more commonly known as the PTA, is registered as a 501(c)(3) non-profit agency, and contributions to it are tax deductible. To deduct contributions to your ... 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 »