Tax Software Helps Maximize Tax Impact of Charitable Donations

Share Article

CharityDeductions.com shares the top 3 ways charitable donations make a big difference, and as the December 31 deadline approaches to make donations eligible for a 2010 tax deduction, CharityDeductions.com offers a fast, efficient way to make the most of charitable donations and reduce tax bills.

News Image
One man's junk is another man's treasure.

As the December 31 deadline approaches to make donations eligible for a 2010 tax deduction, CharityDeductions.com offers a fast, efficient way to make the most of charitable donations and reduce tax bills. The website helps users find accurate fair market values for items donated to charity and helps organize information to complete the required IRS form for donations above $500. By taking the time to itemize donations, many people reduce their tax bill by more than $200 using this software. The website offers a free trial making it a good resource even if donors only donate a few items each year and want to see how easy it is to reduce tax bills.

CharityDeductions.com suggests the top three ways charitable donations can make a big difference and how their tax software can help maximize tax impact:

1. "One man's junk is another man's treasure." Donate unwanted items to charity and help the less fortunate get what they cannot afford to buy. Some charitable organizations like Goodwill Industries resell the donated items to fund their mission to help people find work.
2. "Out with the old and in with the new." Clean out overflowing closets of clothes and toys and garages of electronics and furniture that are no longer used. Keep in mind December 31st is the last day to make donations for a 2010 tax deduction.
3. "Help us help you." Take full advantage of the tax deduction you're entitled to. Claim real values and complete Form 8283 once the donation value exceeds $500 to maximize your tax impact. Guessing at the values or stopping at the $500 deduction when you donated much more may leave hundreds of dollars on the table when it comes to reducing your tax bill. CharityDeductions.com provides fast and easy fair market valuations for thousands of items with a free trial membership.

Featured on ABC's Good Morning America and in the Wall Street Journal Sunday last year, CharityDeductions.com was the first web-based valuation software for charitable donations. It provides thousands of fair market values, as well as tracking and organizing charitable money and mileage contributions. CharityDeductions.com uses eBay's completed auction data to estimate the value of items donated to charity.

CharityDeductions.com, LLC is located in San Luis Obispo, CA. For more information please call (805) 512-9990 or visit CharityDeductions.com.

Contact:     David Anderson (805) 512-9990

Share article on social media or email:

View article via:

Pdf Print

Contact Author

David Anderson
Visit website