How to Determine the Value of Charitable Donations

Written by Wall Street News on May 31st, 2016. Posted in Charitable donations, Helping military families, Purple heart donate

Wounded veterans charities

No matter where or how you decide to make a charitable donation, know that your giving matters. Not only will your used clothing donations benefit the organization you choose, they’ll help prevent some 2.5 billion pounds of fabric from ending up in landfills every year.

However, one of the immediate rewards of donating is that you can use the value of charitable donations as a personal tax write-off. If your donations total more than $250 in value, be sure to collect a receipt from the charitable organization for your records come tax season.

How can you know what your stuff is worth? Here’s a very quick and brief guide to some common household items you may be thinking about donating