I recently received a postcard offering me BIG TAX SAVINGS! All I had to do was send the company $25 (plus $4 for shipping and handling) for a booklet providing me with “a convenient way to summarize and a proper way to value” my donations to charity.
Although they offer a MONEY BACK GUARANTEE! if I don’t save at least $250 more on my taxes next year, I would rather save my $29 and use the guidelines that are listed for free on websites like Salvation Army: http://www.satruck.com/ValueGuide.aspx
and Goodwill: http://www.goodwill.org/c/document_library/get_file?folderId=102123&name=DLFE-2302.pdf
The IRS is careful to say on its website that you may deduct “fair market value” for your donations, so make sure they are in good, usable condition and keep in mind that the value is what the average person would pay at a yard sale or thrift shop. For detailed information, see http://www.irs.gov/pub/irs-pdf/p561.pdf
Organized by Marcie: Getting you organized so you have time to do what you love to do!