You Get What You Give
This morning on Today’s Tax Hotline the phones were ringing off the hook with calls from people asking Jean and the other Enrolled Agents their last-minute tax questions. I was chatting with Jean after the segment and she said that lots of people called wondering how to figure out how much to deduct for donations they’ve made to places such as Goodwill or the Salvation Army.
While I like to get good deals at thrift stores, I also like to give back every once in a while too by making a donation. Gaining some extra closet space doesn’t hurt either…Crocs, gladiator sandals…what was I thinking? Luckily, there are resources out there to help determine how much you can deduct from your taxes after you make a donation. More…
