This form is a sample letter in Word format covering the subject matter of the title of the form.
Donation Receipt From Goodwill In Kings
Category:
State:
Multi-State
County:
Kings
Control #:
US-0020LR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
How much can I deduct for household items and clothing? You can deduct the amount based on a percentage of your Adjusted Gross Income. The fair market value of donated items in good or used condition can be claimed as a deduction on your tax return. You can claim a deduction of up to 60% of your Adjusted Gross Income.
Goodwill donations can only get you a deduction on your Federal income taxes if you itemize them. When you file your taxes, you can choose to either take a standard deduction, which is based on your age, marital status, and income, or an itemized deduction, which takes all of your deductible activity into account.
Write in the total fair market value of your donation. This value is determined by you, the donor. Goodwill provides a donation value guide to help determine fair market value. Please note: Goodwill employees cannot help determine fair market value.
A goodwill donation receipt is a document you receive when you donate items to organizations like Goodwill. This receipt serves as proof of your donation for tax purposes. Here's how it works:
Go to the Charitable Donation topic under Adjustments and Deductions. Choose Add Donation. Enter the information about your donation(s). Choose Enter and Value Items to go to the DeductionPro tool.
The goodwill receipt is basically meaningless. You need to document what you donate and you need to substantiate its value.
Write in the total fair market value of your donation. This value is determined by you, the donor. Goodwill provides a donation value guide to help determine fair market value. Please note: Goodwill employees cannot help determine fair market value.
More info
The receipt they handed me just had "2 bags, clothes" listed on it. As the donor, apparently I am supposed to fill in the value.Here are some handy IRS tips for deducting charitable donations. When you bring items to one of our donation locations, you may fill out a paper donation form. The Donation Value Guide below helps you determine the approximate tax-deductible value of some of the more commonly donated items. If you donated to a nonprofit at one of our locations, you are able to access an electronic copy of our nonprofit partners' tax receipt below. A limited number of local Goodwill organizations offer the convenience of electronic receipts to facilitate your donation tracking for tax purposes. Contact us today to set up your pickup and give back to your local community! After we schedule your pickup, simply wait for your tax receipt. A limited number of local Goodwill organizations offer the convenience of electronic receipts to facilitate your donation tracking for tax purposes.
