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Charitable Contributions Just Became Easier: From Evaluations to Tracking

December 20, 2012 by Deb Howard Greenleaf

In recent years the IRS has stiffened the required documentation for donations of clothing and other household items to nonprofit organizations like the Salvation Army or Goodwill Industries.  “Three bags of clothing” or “two boxes of books” is not an adequate description of the donated items to claim the deduction.  You must have a list of the donated items along with the fair market value you … [Read more...]

Filed Under: Bookkeeping Tagged With: Charitable Contributions, Charitable Giving, Tax Deductions

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