THE FINANCIAL CONNECTION
Our necessary community services,
as well as our mission of alleviating the suffering of afflicted
children are supported by Donations.
Donations Are Charitable and Tax-Deductible.
Accepted and approved by the Internal Revenue Service,
as an income tax-deductible
donation to our approved charity
Good Samaritan Charities.
Tax breaks for donated goods.
If I donate non-cash items such as
used clothing or household goods to Chevaliers de Notre Dame
which is an approved charity, is that deductible? How do I
value the items?
-Steve Haroldsen, Holbrook, New York
Our attics, basements and garages are bulging with items we
never intend to use again or never used in the first place.
Donating your unwanted vehicles, computers, software
applications, furniture, clothes, appliances, books, etc., is
a great way to remove the clutter in your life, receive a nice
tax break and, even more important, help a child in need.
To get the tax deduction you need to
file an itemized return. If your combined donations are
greater than $500, you need to file IRS Tax Form 8283.
The trick is knowing what value to give your unwanted items.
That couch you bought six years ago for $700 isn't worth $700
today. But what is a fair value that won't be challenged by
the IRS? That's where charitable donations can get confusing.
Our suggestion is to check out Deductible software from
Intuit. It helps you assign a reasonable value to your
charitable donations. If you find more than $500 in
deductions, the program automatically creates Form 8283 for
The software also walks you through other possible deductions
you may be overlooking. If you don't save at least $300 on
your tax return using its Deductible, you can ask for a 100
percent refund. So you've got nothing to lose, and valuable
charitable deductions to gain, by turning your useless clutter
into valuable cash. Both you and the children we have the
priviledge to serve will benefit from your kindness. And trust
us, every little bit assists us in providing much needed
treatments, medications and services to those we have the
privilege to serve.