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Reply #23: Is this the $400 tax deduction ? [View All]

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KansDem Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-19-06 12:01 PM
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23. Is this the $400 tax deduction ?
Up to $400 doesn't require paperwork; anything over $400 requires documentation...?

My wife and I give away a lot of stuff during the year: children's clothes, bicycles, coats, sporting equipment, dress-up clothes, household items, encyclopedias...etc. Our children are constantly outgrowing their clothes and we found the used-clothing stores either don't want our stuff (not "cool" enough) or offer so-low-a-price as to make the whole process not worth our time (sort out clothes, wash, dry and fold clothes, box up clothes, drive to stores--and have only one or two items accepted). So we give a lot of it away and take the deduction.

Don't know what we're going to do if this passes. Probably the same thing--just won't be able to deduct anything.
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