Tax Deductions Allowed for Clothing Donations

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Clothing donations are tax deductible if they are donated to a recognized charity and if accurate receipts are kept. Deduct large amounts of donated goods with help from an enrolled agent in this free video on filing taxes.

Part of the Video Series: Filing Taxes
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Video Transcript

My name is Penny Tokash; I'm an Enrolled Agent in Jonesboro, Georgia. My company is Tax Facts Incorporated. I'd like to speak with you today about how are you going to deduct the clothing donations that you gave to Salvation Army, Goodwill, etc. First of all those donations must be given to a recognize charity. That's a charity that has been licensed by the IRS. So you're not going to be giving them to your friend or your family and be able to write it off. If you have donated a bag of clothes or individual items to Salvation Army, then you need to itemize what those items are; keep the receipt that they give you with, that's dated and what the amount is; determine a, what these item will sell for in the Thrift Store value; add those up and you are allowed to take them off on your tax return. Anything that is two hundred and fifty dollars or more at any one time has to be signed by the company; signed by the Salvation Army and you have to keep that on your records.

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