Today TaxMama hears from Chet in Illinois, with this question. “We are planning on donating many clothes that no longer fit our 9 month old daughter. We received many of these items as gifts. Can we still take a charitable contribution deduction?”
Baby girls are wonderful, aren’t they? Especially at that age. And yes, they do grow out of things quickly.
Certainly you may take a charitable contribution for the donations. You don’t have to purchase something to be able to get a deduction. Gifts are fine, too. You will be using the fair market value of clothing as your deduction.
You can probably find values for many of those garments at TurboTax’s ItsDeductible site. www.itsdeductible.com . It’s free.
And remember, you can find answers to all kinds of questions about charitable contributions and other tax issues, free. Where? Where else? At TaxMama.com.[Note: If you were subscribed to the e-mailed TaxQuips, you’d be getting other exciting news and tips by e-mail, that never appear on the site. Please click on the subscribe link and join us.]
- Ask TaxMama :: Where taxes are fun and answers are free
- www.TaxQuips.com :: The number ONE free tax podcast online
- www.itsdeductible.com :: When you need values for your donations