Many people organize their closets as part of spring cleaning every year, but few think of the tax-saving opportunities.
Donating clothing, books, toys, furniture and kitchen goods all count toward your charitable contribution as far as the Internal Revenue Service is concerned. “That stuff adds up,” said Kathy Pickering, executive director of the H&R Block Tax Institute.
In order to get the deduction come April, keep a receipt, a note of the organization’s name, and the date and fair market value of all noncash goods, Pickering said.