If you donate clothing and other items to a non profit organization like goodwill or st.
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Keep a list of everything you give to charity and do research to calculate the fair market value of the things you donate.
The irs also imposes a rule that clothing and most household items must be in pretty good shape in good used condition or better you can probably forget about taking a tax deduction for that television if you have to bang it to get a picture.
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The total value of your charitable deductions cannot be more than 50 percent of your adjusted gross income in any single year.
Vincent de paul you may be eligible to receive a tax deduction for your donation.
Value of used clothing and household goods is the price that buyers would pay for them in a consignment or thrift shop.
To claim the charitable tax deduction you will need to report the value of your donated clothes on schedule a of form 1040 as an itemized deduction.
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