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Submitted 166 days ago...

autumnross

autumnross

New User (2)

How much can we write off for donations to local library

We have donated to our local library books and videos/dvds. what is the tax deduction for each of these. how much can we recieve for hard back book vrs. paperback, vhs videos and dvds

 
 
 
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Answer 1 / 3

Submitted 165 days ago...

Fakery

Fakery

Brain (2,476)

Did you get a donation receipt from then? if so, whatever is on it.

if you didn't get a receipt, then you can't claim it as a donation for a tax write off

 

Answer 2 / 3

Submitted 163 days ago...

autumnross

autumnross

New User (2)

They give a reciept, but no price attatched to each item. They stated I would have to check w/ IRS

 

Answer 3 / 3

Submitted 163 days ago...

Landman

Landman

Authority (342)

To be deductible, clothing and household items donated to charity after Aug. 17, 2006, must be in good used condition or better. However, a taxpayer may claim a deduction of more than $500 for any single item, regardless of its condition, if the taxpayer includes a qualified appraisal of the item with the return. Household items include furniture, furnishings, electronics, appliances, and linens.

For all donations of property, including clothing and household items, get from the charity, if possible, a receipt that includes a description of the donated property. If a donation is left at a charity’s unattended drop site, keep a written record of the donation that includes a description of the property and its condition.

http://www.irs.gov/newsroom/article/0,,id=164997,00.html

 
 

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