As the year draws to a close you may want to think about any tax credits you could be missing out on. Donating to organizations like Goodwill is a nice way to give and get.
Most people are just looking to help others. The tax credit can be an added bonus. Almost anything you donate to charity can be deducted from your taxes. If you want to avoid a possible IRS audit, claiming the deduction can be a little tedious.
"You have to list and itemize everything that you donate to an organization and then you have to put a price on it, what you think you could resell it for," said Debie Coble, Vice President of Workforce Development Services.
Organizations like Goodwill can NOT give anyone advice about what something may be worth. The best way to claim the credit and avoid any IRS trouble is to document all of your donations and then talk to a tax professional.
