As a family grows, so does their stuff. Sometimes, it takes a concentrated effort to gather up the stuff that is unused or unloved and get rid of it. There are several ways to unload these items, once collected: dump (don’t forget to recycle when possible), friends & family, yard sale (“one man’s trash is another man’s treasure”), or a charitable donation (Goodwill, Salvation Army, etc.).
Donating items to a charitable organization has many benefits: items are being reused or recycled, sometimes an organization will do pick-ups (there is often a pretty long waiting list), a charitable donation is a tax deduction if you itemize and keep good records. Though it is quite a lot of work to go about this the right way, donating to charity can be more convenient and yield a greater advantage than hosting a yard sale (which is, in itself, a lot of work). Here are a list of steps to inventorying your charitable donations to get the most out of your tax deduction.
Doesn’t it feel good to get rid of it? What are your tips for donating your “stuff”?
Find out more in the following video tour of ListPlanIt‘s Charity Valuation Worksheet:
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