| Author | Message | ||
     Bbbob |
Anybody here donate to charity thrift stores? In order to simplify our lives & get a little money in the bank, my wife & I have been selling off much of the "clutter" we've accumulated, mostly some antiques & collectible stuff given to us by family over the years. The stuff with sentimental value we are keeping but, there is so much we will never use, has some value & is just collecting dust. Has anybody donated stuff to thrift stores for the tax deduction? Does the thrift store give receipts? How does it work? does the thrift store attach a value to what's donated? Do I guessimate based of "retail" value. Any charities "better" then others as far as percentage of money that actually goes to the "cause"? | ||
| Buellish |
They will give receipts,but you may have to ask for one. | ||
| Andymnelson |
Good Will gives you a $400 receipt no matter what you donate....you only get that as write off no matter how much you give away. | ||
| Buellish |
In my experience,you assign your own value. I'm sure other people will chime in. | ||
| Kyrocket |
Goodwill for household stuff and clothes but if you have any "building material" ie, cabinets, counter tops, appliances and so forth Habitat for Humanity has what's called a Re-store. They'll sell it to help raise money. Also if you're looking for that kind of stuff it's a great buy. It's hit and miss but sometimes they'll have ceramic tile, shingles, shelving or whatever, sometimes it's a treasure trove. | ||
| 86129squids |
Generally you'll have to ask for one- sometimes they offer. Never heard of an arbitrary $400 receipt, doesn't sound kosher- yes, you usually assign your own value. I'm a fan of Goodwill, Habitat, et al- they do the Lord's work, and I've found lots of good stuff there- a week and a half's worth of dress clothes plus shoes for $33, two ceiling fans that would retail new for $150ish for a ten spot apiece... Don't forget that the last Friday and Saturday of the month, most of these places put the whole store on 50% off! | ||
| Teeps |
Bbbob Posted on Friday, August 24, 2012 Any charities "better" then others as far as percentage of money that actually goes to the "cause"? This site has the tools so you can make that decision yourself. http://www.charitynavigator.org/ Also, having verifiable documentation for any donation to a charity,that extends beyond the standard deduction allowed by the IRS, is paramount. Especially if you get audited. | ||
| Jayvee |
Local places give a blank receipt, or initialed at the bottom only. You can declare whatever is needed, for tax purposes. | ||
| Ducbsa |
We use this: http://www.goodwill.org/wp-content/uploads/2010/12 /Donation_Valuation_Guide.pdf |
