There are only 44 days left in the year 2011! We say the same thing every year: “I can’t believe it’s already November!” As we approach the end of the year, it’s that time where it’s a good idea to donate used clothes and goods to non-profit organizations. Like many others, I’ve taken loads of my gently used clothes to the Goodwill and made a list of the items and their worth in order to get an IRS tax deduction. Are you getting the most you can for your non-cash charitable contribution? I know I haven’t!! I would normally claim only a few hundred dollars for all my goods, but according to this Non-Cash Charitable Contributions worksheet from Pinnacle Tax and Financial Services, my donated items are worth a LOT more than I imagined!
I wanted to share that link with you because I found it helpful. Before you use it, check with the one who prepares your taxes to make sure they agree, but from what I understand it is current.
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