Posts Tagged ‘charitable deductions’
How do charitable donation tax deductions work?
Posted by admin in US Tax Questions on July 7th, 2010
I am possibly moving across the country and am considering donating all my furniture and most of my belongings to Goodwill or the like as an option for getting rid of stuff. I make 38,287 a year, how much (value) would I have to donate in order to have it be tax-deductible?
Someone told me that unless I make above a certain amount of money that I can’t make charitable deductions, that deductions are only available to people in higher income brackets. Is this true?
Any website, (other than IRS) that explains this stuff in plain English?