RainbowSprinkles Posted January 21, 2011 Share Posted January 21, 2011 Do you include your donations to Goodwill/Salvation Army? I've never done it before, but kept the receipts this year. My SIL says it's worth including them. How does it work? Do I have to list each individual item that I donated? Thanks so much for any help! Quote Link to comment Share on other sites More sharing options...
milovany Posted January 21, 2011 Share Posted January 21, 2011 Yes, on the Schedule A there's a place to enter "donation of non-cash goods" (or something like that). You add up the totals and include the number there. If any one donation was over a certain amount (I think it's $250), something else has to happen, but I don't know what. I'd make sure, though, that it will make a difference on your bottom line. If you're getting a refund, it may not and then it's more of a hassle to include it. If you're going to owe, it's more likely it will matter. Using an online program like TaxAct or TurboTax makes it easy to figure this out. You can put the number in, and then take it out, and see if it makes a difference. Our itemized deductions are so high that we reached a max out point somewhere in regard to our refund. I could have put in another $10,000 in deductions, and it didn't change the refund amount. So I stopped putting in the small things that I didn't want to have to prove should we get audited. Hope that makes sense. Quote Link to comment Share on other sites More sharing options...
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