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Reply to "What are the “tax receipts” for when you donate clothes, furniture, etc?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You're still not going to hit the standard deduction so don't waste your time.[/quote] I figured that’s probably why we never have. Why do they bother giving everyone a receipt then if it’s pointless? Who actually uses the receipts on their taxes?[/quote] People who give more overall to charity. We'll give about $40-50k this year in cash/equivalent donations, then maybe $1k in "stuff" to various places. FYI: the new tax bill imposes a floor for deductions in 2026, so if you can accelerate 2026 donations into 2025, it's worth doing so tax-wise. One charity we give to every year at a certain level, and they're happily accepting our 2026 donation now and applying it (for donor-level purposes) to 2026. For that charity, giving at a certain level gets you some additional "benefits" that's why we give at least that much each year.[/quote]
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