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Celebrate the Season With an End-of-Year Tax Write-Off

December 4, 2013

Donate Your Items!

The holiday season leave your wallet a bit lighter? You can get a little money back from Uncle Sam by donating gently used clothing and other unwanted items to Goodwill Industries for an end-of-year tax deduction.

By cleaning your closets and garages, you get more than a write-off. Goodwill uses the revenue from your donations for its job training programs, employment placement services and other community based programs for people with disabilities, those who lack education and work experience and others facing challenges to finding employment. Goodwill channels 84 percent of its revenues directly into its services.

“End the holiday season and start the new year off right by making an investment in your local community,” says Dan Kurtenbach, President and CEO of Goodwill Industries of Monocacy Valley.  “Every donation to Goodwill helps make 2013 a better year for thousands of individuals who need job training, career services and other community-based Goodwill programs.”

Goodwill accepts clothing and household items, old computers and vehicles even those holiday gifts that weren’t quite right.  Donations are sold in Goodwill’s eight Retail Stores and Donation Centers throughout Frederick and Carroll Counties.

Donors interested in claiming tax deductions can visit Goodwill’s donor website, idonate for a itemized lists of their donations.  Goodwill provides the opportunity to get receipts to donors at our Donation Centers or donation drop-off bins . The Internal Revenue Service allows a deduction for each item, but the donor determines each item’s value. Generally, an item’s value should be based on fair market value – what the item would sell for in a thrift store.  For general guidelines, visit Goodwill Industries International’s valuation guide and www.irs.gov