This form is a sample letter in Word format covering the subject matter of the title of the form.
Donation Receipt From Goodwill In Riverside
Category:
State:
Multi-State
County:
Riverside
Control #:
US-0020LR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Your monetary donations and donations of clothing and household goods that are in “good” condition or better are entitled to a tax deduction, ing to Federal law. The Internal Revenue Service requires that all charitable donations be itemized and valued.
Noncash Charitable Contributions — applies to deduction claims totaling more than $500 for all contributed items. If a donor is claiming over $5,000 in contribution value, there is a section labeled “Donee Acknowledgement” in Section B, Part IV of Internal Revenue Service (IRS) Form 8283 that must be completed.
You can claim a deduction of up to 60% of your Adjusted Gross Income. If you donated household items in less than good used condition, if the total estimated value is more than $500, you may still take the deduction. However, you should include a qualified appraisal on your return.
You can claim a deduction of up to 60% of your Adjusted Gross Income. If you donated household items in less than good used condition, if the total estimated value is more than $500, you may still take the deduction. However, you should include a qualified appraisal on your return.
How much can you deduct for the gently used goods you donate to Goodwill? The IRS allows you to deduct fair market value for gently-used items. The quality of the item when new and its age must be considered. The IRS requires an item to be in good condition or better to take a deduction.
How do I fill this out? Enter the donation date and your contact details. List each item you donated along with a brief description. Assign an estimated dollar value to each item. Complete the section for the Goodwill employee's name. Keep this receipt for your records when filing taxes.
You will need to enter the donation receipt ID Number listed above” (on the Donation Receipt). If your noncash gift is more than $500 you will be required to attach Form 8283, Noncash Charitable Contributions to your tax return.
How do I fill this out? Enter the donation date and your contact details. List each item you donated along with a brief description. Assign an estimated dollar value to each item. Complete the section for the Goodwill employee's name. Keep this receipt for your records when filing taxes.
The goodwill receipt is basically meaningless. You need to document what you donate and you need to substantiate its value.
More info
Toll Free Number: 1.888.4.GOODWILL. We're making it easier than ever to trace your Goodwill donation receipts.With our donation tracker, you will no longer have to hold on to your paper receipt. The receipt they handed me just had "2 bags, clothes" listed on it. As the donor, apparently I am supposed to fill in the value. Do you need a receipt to track your donations? A limited number of local Goodwill organizations offer the convenience of electronic receipts to facilitate your donation tracking for tax purposes. Sheets with the donation details can be found within if you need a receipt. If you donated to a nonprofit at one of our locations, you are able to access an electronic copy of our nonprofit partners' tax receipt below. Here are some handy IRS tips for deducting charitable donations.
