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Reader Tip: Make Your Deductible Donations Before January

Over time we each develop a unique saving style, which is why we started the How Do You Save? group for you to divulge your winning tactics. The group offers a place for you to dole out your advice to other SavvySugar readers trying to save a little moolah and learn from their experiences.

Cocoangel reminds us to clean out our closets, donate items to charity and reap the reward of a tax deduction, more closet space and giving. With 2009 coming to a close, now is the ideal time to make a big donation and pass on items you haven't used in a while. She says:

We stopped having garage sales years ago when our accountant pointed out that if we didn't have the money to give charities we could still claim deductions for the clothes, toys and household goods we donate. Even though we write checks now I still go through the closets and house looking for items that are still useful to someone else. I take a picture of the bags/boxes, attach it to the receipt left by the charity and file in our tax folder.

Do you have a tip for readers? Join our How Do You Save? group and share your helpful suggestions! Here's a detailed guide to posting questions or posts to groups if you are new to the PopSugar Community.

Join The Conversation
aistea311 aistea311 7 years
Here is a question, what if you make a tax deductible donation to a charity on behalf of someone (for the holidays I want to donate to my friend's favorite charity on her behalf) can I claim that on my taxes if I show proof that I paid for the donation?
Modus-Vivendi Modus-Vivendi 7 years
How do you figure out how much you can deduct? How do I know what an old sweater is worth?
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