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[Tax Help] Donations

Discussion in 'BBS Hangout' started by what, Apr 4, 2011.

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  1. what

    what Member

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    Anybody help me. I donated a coach and a recliner to the salvation army. The coach was originally 1500 dollars and the recliner was 700 or so.

    The more general question is: does the irs have a preset limit of how much can be claimed against your taxes for these items.

    Is condition a consideration? The recliner was in perfect shape. The coach was in fair to okay shape.
     
  2. Uprising

    Uprising Member

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    [​IMG] vs [​IMG]
     
    #2 Uprising, Apr 4, 2011
    Last edited: Apr 4, 2011
    1 person likes this.
  3. bobrek

    bobrek Politics belong in the D & D

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    Generally, you can claim what the item would sell for. There is no limit, but you need to have a receipt that a charitable origanzation received the items.

    Software like Deduction Pro gives a reasonable estimate of items.
     

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