Vanessa A
Expert Alumni

Deductions & credits

In order to take a deduction for the donation of your computer monitors, you would need to itemize your return instead of taking the standard deduction. If the total of all of your Itemized Deductions are not greater than your Standard Deduction, then you would not see any difference in your return for that donation. 

 

Your Itemized Deductions include, charitable donations, property taxes, state and local income taxes, mortgage interest and medical expenses in excess of 7.5% of your AGI. 

 

If you are Itemizing, you would value your monitors at market value, meaning the price you could sell them for. This would all be reported on Schedule A. You would enter it in the Deductions and Credits section of TurboTax using TurboTax Deluxe or higher. 

 

 

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