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Video instructions and help with filling out and completing When to file Donation Value Guide Spreadsheet
Instructions and Help about When to file Donation Value Guide Spreadsheet
I just cleaned out my closet this weekend because I couldn't really fit anything else in there I'm sure you've probably done the same thing and wondered what to do with the clothing you don't wear anymore my favorite thing is to take it down to the corner to the closest charity near my house which is the goodwill this is the kind of receipt that they'll give you and it asks for a couple of things typically the value of the clothing that you have in your closet is not anywhere near what you actually paid for it so you'll need to give a donor's estimate of value and put that on the receipt so that's what we have here you'll also need to report on your tax return the amount is you actually paid for the item if it's be above a certain threshold the place to report the donation value is actually on Schedule A a form 1040 right here under gifts to charity other than cash so you just have to keep track of these items and you should keep receipts to back up this this information and then you can clean out your closet and make room for more shoes I'm Kristen brand and that is how you deduct clothing given away to charity.