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Reply to "How to quantify clothing donations"
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[quote=Anonymous]I've always just sort of ballparked and made sure it stayed under $500 b/c of the IRS limit. But, last year, we donated a LOT. I made a rough list but hadn't *actually* counted out how many of each type of item we gave away. I used the salvation army website to estimate cost and it was just under $500. Then I got to TurboTax and the numbers they use are SO MUCH HIGHER and it brought my total to over $500. But I didn't feel comfortable going with those numbers since I had only estimated how much of each type of clothing was in each bag I gave away. So in the future, I don't care if it takes me an extra hour or so to sort it...I am keeping a detailed list of exactly what we donate so I can claim it all if it goes over $500. I used to do garage sales but I can get more money back and spend less time just donating it and getting the tax deduction.[/quote]
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