{"id":1684,"date":"2010-01-06T14:40:41","date_gmt":"2010-01-06T18:40:41","guid":{"rendered":"http:\/\/becomingblog.wpengine.com\/?p=1684"},"modified":"2019-10-23T00:28:55","modified_gmt":"2019-10-23T07:28:55","slug":"deducting-the-value-of-your-non-cash-charitable-contributions","status":"publish","type":"post","link":"https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/","title":{"rendered":"deducting the value of your non cash charitable contributions"},"content":{"rendered":"<p>when you do your taxes this year, don&#8217;t forget to deduct the fair market value of your non cash charitable contributions.\u00a0 they can add up quickly.<\/p>\n<p>here are a few quick <a href=\"https:\/\/nosidebar.com\/seven-decluttering-tips-i-discovered-in-the-minimalist-home\/\">tips<\/a> to get you started:<\/p>\n<ul>\n<li>clothing and household items donated must generally be in good used condition or better to be deductible.<\/li>\n<li>if you make any\u00a0non cash\u00a0contribution, you must get and keep a receipt from the charitable organization showing: 1) the name of the charitable organization, 2) the date and location of the charitable contribution, and 3)\u00a0a reasonably detailed description of the property. you are not required to have a receipt where it is impractical to get one (for example, if you leave property at a charity&#8217;s unattended drop site).<\/li>\n<li>to claim a deduction for contributions of cash or property equaling <strong>$250 or more<\/strong> you must obtain a written acknowledgment from the qualified organization showing the amount of the cash and a description of any property contributed, and whether the organization provided any goods or services in exchange for the gift.<\/li>\n<li>if you claim a deduction of <strong>more than $500 <\/strong>for all contributed property, you must attach\u00a0irs form 8283, noncash charitable contributions, to your return.<\/li>\n<li>taxpayers donating an item or a group of similar items valued at <strong>more than $5,000<\/strong> must also complete section\u00a0b of form 8283, which requires an appraisal by a qualified appraiser.<\/li>\n<li>to determine the fair market value of a charitable contribution,\u00a0there are no fixed formulas or methods. you should claim as the value the price that buyers of used items actually pay in used clothing stores, such as consignment or thrift shops.\u00a0 the salvation army offers a value guide to get you started.<\/li>\n<\/ul>\n<p>if you have questions regarding the process of deducting your non cash charitable contributions, you can find the heavy reading right\u00a0<a title=\"http:\/\/www.irs.gov\/publications\/p526\/ar02.html\" href=\"http:\/\/www.irs.gov\/publications\/p526\/ar02.html\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>\u00a0or consult a tax professional.<\/p>\n<p>and as 2010 begins and your minimalizing continues, keep these guidelines\u00a0close so that you can collect and store the appropriate paperwork for next year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>when you do your taxes this year, don&#8217;t forget to deduct the fair market value of your non cash charitable contributions.\u00a0 they can add up quickly. here are a few quick tips to get you started: clothing and household items donated must generally be in good used condition or better to be deductible. if you [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":"","_jetpack_memberships_contains_paid_content":false},"categories":[13,1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>deducting the value of your non cash charitable contributions<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"deducting the value of your non cash charitable contributions\" \/>\n<meta property=\"og:description\" content=\"when you do your taxes this year, don&#8217;t forget to deduct the fair market value of your non cash charitable contributions.\u00a0 they can add up quickly. here are a few quick tips to get you started: clothing and household items donated must generally be in good used condition or better to be deductible. if you [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/\" \/>\n<meta property=\"og:site_name\" content=\"Becoming Minimalist\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/becomingminimalist\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/becomingminimalist\/\" \/>\n<meta property=\"article:published_time\" content=\"2010-01-06T18:40:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-10-23T07:28:55+00:00\" \/>\n<meta name=\"author\" content=\"joshua becker\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@joshua_becker\" \/>\n<meta name=\"twitter:site\" content=\"@joshua_becker\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"joshua becker\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/\"},\"author\":{\"name\":\"joshua becker\",\"@id\":\"https:\/\/www.becomingminimalist.com\/#\/schema\/person\/a6475137c3080b3e68cb23aa9e40ec11\"},\"headline\":\"deducting the value of your non cash charitable contributions\",\"datePublished\":\"2010-01-06T18:40:41+00:00\",\"dateModified\":\"2019-10-23T07:28:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/\"},\"wordCount\":336,\"commentCount\":11,\"publisher\":{\"@id\":\"https:\/\/www.becomingminimalist.com\/#organization\"},\"articleSection\":[\"minimalism\/america\",\"uncategorized\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/\",\"url\":\"https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/\",\"name\":\"deducting the value of your non cash charitable contributions\",\"isPartOf\":{\"@id\":\"https:\/\/www.becomingminimalist.com\/#website\"},\"datePublished\":\"2010-01-06T18:40:41+00:00\",\"dateModified\":\"2019-10-23T07:28:55+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.becomingminimalist.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"deducting the value of your non cash charitable contributions\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.becomingminimalist.com\/#website\",\"url\":\"https:\/\/www.becomingminimalist.com\/\",\"name\":\"Becoming Minimalist\",\"description\":\"Own less. Live more.\",\"publisher\":{\"@id\":\"https:\/\/www.becomingminimalist.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.becomingminimalist.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.becomingminimalist.com\/#organization\",\"name\":\"Becoming Minimalist\",\"url\":\"https:\/\/www.becomingminimalist.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.becomingminimalist.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.becomingminimalist.com\/wp-content\/uploads\/2023\/07\/becoming_minimalistA.jpg\",\"contentUrl\":\"https:\/\/www.becomingminimalist.com\/wp-content\/uploads\/2023\/07\/becoming_minimalistA.jpg\",\"width\":2549,\"height\":898,\"caption\":\"Becoming Minimalist\"},\"image\":{\"@id\":\"https:\/\/www.becomingminimalist.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/becomingminimalist\",\"https:\/\/x.com\/joshua_becker\",\"https:\/\/www.instagram.com\/joshua_becker\/\",\"https:\/\/www.youtube.com\/JoshuaBecker\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.becomingminimalist.com\/#\/schema\/person\/a6475137c3080b3e68cb23aa9e40ec11\",\"name\":\"joshua becker\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.becomingminimalist.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e115429cac082338e5a78b84564f7406?s=96&d=https%3A%2F%2Fwww.becomingminimalist.com%2Fwp-content%2Fthemes%2Fbecoming-minimalist%2Fimages%2Fgravatar-bm.png&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e115429cac082338e5a78b84564f7406?s=96&d=https%3A%2F%2Fwww.becomingminimalist.com%2Fwp-content%2Fthemes%2Fbecoming-minimalist%2Fimages%2Fgravatar-bm.png&r=g\",\"caption\":\"joshua becker\"},\"description\":\"Joshua Becker is the creator of Becoming Minimalist, a website dedicated to simplifying life. He has published four books on minimalism, with some being named best sellers by Wall Street Journal, USA Today, Amazon, Audible, and Publisher's Weekly. Joshua has also made live appearances on Wall Street Journal, CBS Evening News, Huffington Post Live, and more.\",\"sameAs\":[\"https:\/\/www.facebook.com\/becomingminimalist\/\",\"https:\/\/x.com\/@joshua_becker\",\"https:\/\/www.youtube.com\/c\/joshuabecker\"],\"url\":\"https:\/\/www.becomingminimalist.com\/author\/jbecker12\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"deducting the value of your non cash charitable contributions","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/","og_locale":"en_US","og_type":"article","og_title":"deducting the value of your non cash charitable contributions","og_description":"when you do your taxes this year, don&#8217;t forget to deduct the fair market value of your non cash charitable contributions.\u00a0 they can add up quickly. here are a few quick tips to get you started: clothing and household items donated must generally be in good used condition or better to be deductible. if you [&hellip;]","og_url":"https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/","og_site_name":"Becoming Minimalist","article_publisher":"https:\/\/www.facebook.com\/becomingminimalist","article_author":"https:\/\/www.facebook.com\/becomingminimalist\/","article_published_time":"2010-01-06T18:40:41+00:00","article_modified_time":"2019-10-23T07:28:55+00:00","author":"joshua becker","twitter_card":"summary_large_image","twitter_creator":"@joshua_becker","twitter_site":"@joshua_becker","twitter_misc":{"Written by":"joshua becker","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/#article","isPartOf":{"@id":"https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/"},"author":{"name":"joshua becker","@id":"https:\/\/www.becomingminimalist.com\/#\/schema\/person\/a6475137c3080b3e68cb23aa9e40ec11"},"headline":"deducting the value of your non cash charitable contributions","datePublished":"2010-01-06T18:40:41+00:00","dateModified":"2019-10-23T07:28:55+00:00","mainEntityOfPage":{"@id":"https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/"},"wordCount":336,"commentCount":11,"publisher":{"@id":"https:\/\/www.becomingminimalist.com\/#organization"},"articleSection":["minimalism\/america","uncategorized"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/","url":"https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/","name":"deducting the value of your non cash charitable contributions","isPartOf":{"@id":"https:\/\/www.becomingminimalist.com\/#website"},"datePublished":"2010-01-06T18:40:41+00:00","dateModified":"2019-10-23T07:28:55+00:00","breadcrumb":{"@id":"https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.becomingminimalist.com\/deducting-the-value-of-your-non-cash-charitable-contributions\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.becomingminimalist.com\/"},{"@type":"ListItem","position":2,"name":"deducting the value of your non cash charitable contributions"}]},{"@type":"WebSite","@id":"https:\/\/www.becomingminimalist.com\/#website","url":"https:\/\/www.becomingminimalist.com\/","name":"Becoming Minimalist","description":"Own less. Live more.","publisher":{"@id":"https:\/\/www.becomingminimalist.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.becomingminimalist.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.becomingminimalist.com\/#organization","name":"Becoming Minimalist","url":"https:\/\/www.becomingminimalist.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.becomingminimalist.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.becomingminimalist.com\/wp-content\/uploads\/2023\/07\/becoming_minimalistA.jpg","contentUrl":"https:\/\/www.becomingminimalist.com\/wp-content\/uploads\/2023\/07\/becoming_minimalistA.jpg","width":2549,"height":898,"caption":"Becoming Minimalist"},"image":{"@id":"https:\/\/www.becomingminimalist.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/becomingminimalist","https:\/\/x.com\/joshua_becker","https:\/\/www.instagram.com\/joshua_becker\/","https:\/\/www.youtube.com\/JoshuaBecker"]},{"@type":"Person","@id":"https:\/\/www.becomingminimalist.com\/#\/schema\/person\/a6475137c3080b3e68cb23aa9e40ec11","name":"joshua becker","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.becomingminimalist.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e115429cac082338e5a78b84564f7406?s=96&d=https%3A%2F%2Fwww.becomingminimalist.com%2Fwp-content%2Fthemes%2Fbecoming-minimalist%2Fimages%2Fgravatar-bm.png&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e115429cac082338e5a78b84564f7406?s=96&d=https%3A%2F%2Fwww.becomingminimalist.com%2Fwp-content%2Fthemes%2Fbecoming-minimalist%2Fimages%2Fgravatar-bm.png&r=g","caption":"joshua becker"},"description":"Joshua Becker is the creator of Becoming Minimalist, a website dedicated to simplifying life. He has published four books on minimalism, with some being named best sellers by Wall Street Journal, USA Today, Amazon, Audible, and Publisher's Weekly. Joshua has also made live appearances on Wall Street Journal, CBS Evening News, Huffington Post Live, and more.","sameAs":["https:\/\/www.facebook.com\/becomingminimalist\/","https:\/\/x.com\/@joshua_becker","https:\/\/www.youtube.com\/c\/joshuabecker"],"url":"https:\/\/www.becomingminimalist.com\/author\/jbecker12\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.becomingminimalist.com\/wp-json\/wp\/v2\/posts\/1684"}],"collection":[{"href":"https:\/\/www.becomingminimalist.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.becomingminimalist.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.becomingminimalist.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.becomingminimalist.com\/wp-json\/wp\/v2\/comments?post=1684"}],"version-history":[{"count":3,"href":"https:\/\/www.becomingminimalist.com\/wp-json\/wp\/v2\/posts\/1684\/revisions"}],"predecessor-version":[{"id":22716,"href":"https:\/\/www.becomingminimalist.com\/wp-json\/wp\/v2\/posts\/1684\/revisions\/22716"}],"wp:attachment":[{"href":"https:\/\/www.becomingminimalist.com\/wp-json\/wp\/v2\/media?parent=1684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.becomingminimalist.com\/wp-json\/wp\/v2\/categories?post=1684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.becomingminimalist.com\/wp-json\/wp\/v2\/tags?post=1684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}