IRS News:
PHOENIX – The Internal Revenue Service (IRS) reminds individuals and businesses making year-end gifts to charity that several important tax law provisions have taken effect in recent years.
Some of the changes taxpayers should keep in mind include:
Rules for Charitable Contributions of Clothing and Household Items
Household items include furniture, furnishings, electronics, appliances and linens. Clothing and household items donated to charity generally must be in good used condition or better to be tax-deductible. A clothing or household item for which a taxpayer claims Read More