This form is a sample letter in Word format covering the subject matter of the title of the form.
Donation Receipt From Goodwill In Santa Clara
Category:
State:
Multi-State
County:
Santa Clara
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.
The goodwill receipt is basically meaningless. You need to document what you donate and you need to substantiate its value.
You will need to enter the donation receipt ID Number listed above” (on the Donation Receipt). If your noncash gift is more than $500 you will be required to attach Form 8283, Noncash Charitable Contributions to your tax return.
How do I fill this out? Enter the donation date and your contact details. List each item you donated along with a brief description. Assign an estimated dollar value to each item. Complete the section for the Goodwill employee's name. Keep this receipt for your records when filing taxes.
Goodwill will be happy to provide a receipt as substantiation for your contributions in good used condition, only on the date of the donation. Goodwill Central Coast information for tax return with address of your donation center.
In that case, all you need to provide in the donation receipt is the name and EIN of the organization, date of donation, and a description of the donated item. You should also add a note stating that the valuation of the item is the donor's income tax responsibility.
Getting a receipt every time you donate strengthens your tax records if you are audited. If you make a large donation and don't have (or can't find) the receipt, the donation will almost certainly be disallowed on audit. For this reason, it's best to set up a record-keeping system at the start of each year.
However, you should be able to provide a bank record (bank statement, credit card statement, canceled check or a payroll deduction record) to claim the tax deduction. Written records, like check registers or personal notations, from the donor aren't enough proof. The records should show the: Organization's name.
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:
