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Retain your receipt for your tax records especially if you itemize your deductions when you complete your federal tax forms.
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Those who have donated non-cash items and items less than 250 may wonder if there is a specific tax donation form to use The answer is yes if their deduction for all noncash gifts is more than 500.
When you drop off your donations at Goodwill you'll receive a receipt from a donation attendant The US Internal Revenue Service IRS requires you to value.
Your receipts should include a reasonably accurate description of items donated 9 IMPORTANT One should prepare a list for EACH separate entity and date.
Tax benefits for charitable contributions are available only for taxpayers who itemize deductions Use Goodwill Tax ID 62-0599413 when claiming your charitable deductions on your IRS forms.
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When you're done print the form and take it along with your donations to your nearest Goodwill donation center for a Goodwill attendant's signature of receipt.
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The US Internal Revenue Service IRS requires donors to value their items To help guide you Goodwill Industries International has compiled a list providing.
Keep in mind that some charities such as Goodwill or Salvation Army post values.
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Triggering a red flag will send the IRS man running to your home to request receipts and proof of your donation.
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Only taxpayers who itemize use the long form can deduct charitable donations.
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