- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
The magazines are definitely deductible, but only at their current (read) value. Most magazines are not worth much and ItsDeductible values them at about 50 cents. Some more expensive magazines sell by the issue on eBay for much more than the standard deduction value. Find the exact magazine in similar condition on eBay and you may use that as your deductible value. Just make it an "Add it" item. With the new tax rates, you may not have enough donations/deductions to make a difference, but it's worth a try.
‎September 2, 2019
6:00 AM
8,914 Views