Best practices when making a donation
To deduct donations, you must file a Schedule A with your tax form. With proper documentation, you can claim vehicle or cash donations. Or, if you want to deduct a non-cash donation, you'll also have to fill out Form 8283.
The FTC does not resolve individual matters. But it does track charity fraud claims and sues companies on the behalf of consumers. Contact the National Center for Disaster Fraud , if the fraud is because of a natural disaster.
The amount of money that you can deduct on your taxes may not be equal to the total amount of your donations. If you donate non-cash items, you can claim the fair market value of the items on your taxes. If you donated a vehicle, your deduction depends on if the organization keeps the car or sells it at an auction.
Before you donate: You don't have to do much except box your tools up. Just make sure you don't have anything dangerous floating around in a box in case of someone roots around, i.e., small saws, nails, etc. Contain those items or label them and donate them separately. Read More.
Furniture Banks lets you donate your gently used furniture to persons in need, typically formerly homeless people trying to get back on their feet financially. Before you donate: Dust it, clean it, and make sure there are no ragged, dangerous edges or nails sticking out that could potentially hurt someone.
Elizabeth Larkin is an organizing and productivity expert with a strong interest in time management and process refinement. Nothing makes clutter clearing easier than knowing your household items, clothes, and shoes are going to a worthy cause.