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lasher51
New Member

Donated new in the box Roman Stone Porcelain Tiles to my local Goodwill Store. How/can I add them to my donations? Thanks.

Total was 121 ea 12x12's and 144 ea 6x6's. They took them immediately to front of store to sell, so the manager definitely wanted them.
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2 Replies

Donated new in the box Roman Stone Porcelain Tiles to my local Goodwill Store. How/can I add them to my donations? Thanks.

you have left out a lot of details. so review IRS publication 526 to figure out your deduction. 

https://www.irs.gov/forms-pubs/about-publication-526 

things that could affect the deductibility.

1) how long did you own them

2) your basis and Fair Market Value

3) did you get a written receipt and acknowledgement

4) is the value over $5,000

 

the reporting would be done on form 8283 for non-cash contributions which flows to the gifts to charity section on Schedule A

 

 

JohnB5677
Expert Alumni

Donated new in the box Roman Stone Porcelain Tiles to my local Goodwill Store. How/can I add them to my donations? Thanks.

As Mike9241 said, you will have to get additional details. but before you do, be sure it is worth it.

 

 

The standard deduction amounts for 2024 are:

  • $29,200 – Married Filing Jointly or Qualifying Surviving Spouse
  • $21,900 – Head of Household
  • $14,600 – Single or Married Filing Separately

For 2024, the additional standard deduction amounts for taxpayers who are 65 and older or blind are:

  • $1,950 for Single or Head of Household
  • $1,550 for married taxpayers or Qualifying Surviving Spouse

After crunching the numbers it the Itemized deduction may not be the best choice for you.

  • You can get a value and post the charitable donation.
  • You can include this with other Itemized deductions

However, here are some of the limitations to Itemized deductions

  • Medical expenses: You can only deduct the amount of your medical and dental expenses that is more than 7.5% of your AGI.
  • Mortgage Interest:  You can deduct the interest you paid during the tax year on the first $750,000 of your mortgage debt for your primary home or a second home. If you are married filing separately, the limit drops to $375,000.
  • Local Taxes: Your deduction of state and local income tax, general sales, and property taxes is limited to a combined total deduction of $10,000 ($5,000 if married filing separately).
  • Business expenses for employees is no longer allowed.
  • There may be other limitations that are not listed.
  • Finally, the total of all deductions must be greater than the Standard deduction.

 

 

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