Free Yourself From Unwanted Stuff

Feeling overwhelmed by your “stuff?” Unused and unwanted possessions can accumulate over time, becoming an overwhelming burden. The average U.S. household has 300,000 things. Imagine having to move 300,000 things to another home.
Donating your used and unwanted items is far better for the environment than throwing them away, and if you choose a charitable organization, your donations can go toward helping someone in need.

Before donating, determine if it is still useful

Before making a donating, consider the current condition of the item. Try not to donate items in disrepair that don’t work properly, or are missing parts. Remember, if you can’t use the item in its current state, most likely neither can the charity.

Tax Deductions

Check with your personal tax professional for advice, but keep in mind that donated items are usually tax-deductible if you donate to the right charity. If you want a tax deduction for donating used items, you need to get a donation receipt, and you will have to determine the value of your donations.

How to deduct

Create a list of all of the items you are donating and attach the receipt you receive from the charity. Keep the receipt for your taxes. If you are audited by the IRS, you won’t have any way to prove you donated the items if you do not keep all your receipts.

Determining the value

The value of the donated item depends on the item itself as well as its condition. Use the current fair market value to determine the value. That is the value the item would sell for in the current market.

Real Estate

Most Americans do not have a huge real estate portfolio. Those that do have found they can enjoy a significant financial benefit and provide a charitable contribution to the community at the same time with a Real Estate Donation. A real estate donation to charity can help you rid yourself of pesky non-producing properties and also avoid capital gains tax on highly appreciated property. A real estate donation can significantly reduce your legal and tax liabilities on the properties you donate and more efficiently attain personal financial goals while also supporting Real Estate with Causes and our many charitable endeavors. For some tips on donating property read, Helpful Tips For When You Are Ready To Donate Land To Charity. With Real Estate with Causes you can:

Cars

You can use Kelley Blue Book to get an estimate of your car’s worth. However, keep in mind that you may not deduct the full blue-book value of your car if it’s in poor condition. The IRS will also require an independent appraisal when the value of an item is more than $5,000. When it comes down to vehicle donations, many may think it begins and ends with cars. You might be surprised to learn that the Giving Center vehicle donation program accepts a large variety of vehicles. Below you will find a list of used vehicle donation types accepted:

Electronics (including cell phones)

In case you missed my post, Donate Computer to Charity, Computers with Causes is a broad-based community expression of charitable giving, both on an individual and corporate level. The highly effective charitable program produces a substantial impact on the quality of life for many who are less fortunate. All generous computer equipment donations will assist those in need. Computer donations provide a much-needed resource for much needed educational and vocational assets that are to better the lives of those who are truly in need. A decision to donate a computer to Computers with Causes will leave you feeling positive about the many benefits associated with your decision to give back to the communities in which we all live and work. With Computers with Causes you can:

Collectibles

Collectibles with Causes charity accepts all types of collectibles as a charity donation. You can donate virtually any time of collectible to Collectible with Causes. Donors gain great tax and financial benefits, and the proceeds from your donation benefit families in need and charitable causes across the United States. Some of the types of donations the programs accept are:
Whether you aim to clear your clutter or prepare for your next move, there is no time like the present to start sorting your unused or unwanted things. When you donate your used items to charity, you will clear your space while doing your part to leave the world a better place

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