Or are charitable donations only tax deducticle if they are filed by way of itemizing deductions?
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Filed under Donating by on Feb 22nd, 2010. 6 Comments. 
I want to donate a working pick-up truck to charity. I have heard all about the tax deduction I would be eligible for, but isn’t a deduction only helpful if I OWE money on my taxes each year? I always, always get money back… so will donating a car be beneficial for me? Or am I better off just selling the truck?
Filed under Donating by on Feb 3rd, 2010. 2 Comments.
If an non-profit organization accepts donations, can that money be legally deducted from a paycheck on a pre-tax basis? If this can be done, how would you file the income tax return so that you don’t claim it as a further deduction?
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Filed under Donating by on Jan 26th, 2010. 2 Comments.
I’ve never tracked Goodwill donations for tax deductions and I have no idea where to start…
What are the things I need to do?
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Filed under Donating by on Jan 17th, 2010. 3 Comments.
My ministry obtained 501(c)(3) certification from the IRS last year, and one way I am trying to help raise funds is by running an online bookstore selling primarily used Christian books. I have received several hundred books as donations since the beginning of the year since I started soliciting donations, and I’m hoping to go live with the store in a few weeks, but I’m not sure what I need to do as far as assigning a donation value to the books when I send out donation receipts at the end of the year. Do I simply list the number and type of books donated and let the donor make the call on the value of the donation? Or does the IRS have any sort of a list of the deduction value of certain used items when it comes to charitable donations? Any links you could provide would be greatly appreciated.
Filed under Donating by on Jan 16th, 2010. 2 Comments.
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