• Skip to content
  • Skip to footer

Taxation Solutions, Inc.

We solve tax problems!

(314) 492-8872
Email Us!
  • Home
  • Tax Services
    • Tax Resolution Services
    • Tax Attorneys
    • Business Tax Problems
    • IRS Audits
    • IRS Back Taxes
    • Tax Penalties and Settlements
    • Tax Relief for Truckers
  • Blog
  • Reviews
  • Contact Us

/ July 16, 2018

Do You Know How to Deduct Non-Cash Charitable Contributions?

Did you recently clean out your closets at home? Before you haul bags and bags of clothing and other unwanted personal items to your local Goodwill or other donation center, take a moment to determine whether your donation is tax deductible.

Donated clothing and household items must be in good used condition—or better—in order for you to deduct the value from your taxes. You’ll also need a receipt from the charity that includes the following information: 

  • The organization’s name
  • A description of the items donated
  • The date of the donation
  • The donation location

The total value of the items you donate also matters. The larger the non-cash gift, the more documentation you’ll need. If your donation exceeds $250, you’ll need the charity to clearly state whether you received any goods or services in exchange for the donation. Contributions worth more than $5,000 must be appraised in order for you to deduct the value from your taxes.

If all this sounds complicated, remember that Taxation Solutions, Inc. is here to help. We’re St. Louis’s choice for tax resolution and more, able to answer your questions about charitable deductions and other tax problems. Call or e-mail us today to learn more, and to tell us about your tax help needs! 

Filed Under: Uncategorized

Footer

Let’s Be Friends!

  • Facebook
  • Google+
  • Twitter

Business Hours

Mon-Fri8AM-6PM

Payment Accepted

Address

Taxation Solutions, Inc.
2 Cityplace Dr
2nd Fl, Suite #200
Creve Coeur, MO 63141

 

(314) 492-8872
 NATP LogoNAEA Logo

Serving St Louis MO; Arnold MO; Chesterfield MO; Highland IL; Jerseyville IL; St Charles MO; Staunton IL; Wildwood MO Since 2008
2 Cityplace Dr , 2nd Fl, Suite #200 Creve Coeur, MO 63141
Copyright ProspectGenius and Taxation Solutions, Inc. 2019

  • Business Tax Problems
  • IRS Audits
  • IRS Back Taxes
  • Tax Attorneys
  • Tax Penalties and Settlements
  • Tax Relief for Truckers
  • Tax Resolution Services
  • Tax Services