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Figuring whether to itemize donations or just take the standard deduction
Hello,
I'm wondering if there's a method to calculate whether it's worthwhile to itemize charitable donations or just bypass that and take the standard deduction. I've accumulated quite a few things during the pandemic to donate. But I don't think they'll come out to a large amount of value. Rather than spending the time to go over each item and calculate its fair market value before donation, can I just estimate the value to compare what will be the standard deduction. And if the standard deduction is more, not bother with itemizing?
Thanks,
Enric
‎February 28, 2022
5:57 PM