Participate in Charity Events to Receive Tax Deductions

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Participate in Charity Events to Receive Tax
Deductions
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• If you are searching for ways to lessen the blow
  at tax time, then donating to a charity is a
  great way to do it. But because there are some
  restrictions to tax deductible charities, you
  need to know the best way to donate in order to
  properly claim your deductions.
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• Clothing and house wares- If you are going to
  donate clothes and house wares, you have to make
  sure that they are in gently used condition
  meaning, not damaged. You should declare a
  reasonable amount for the totality of your
  donated items.

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• Travel costs- If you volunteer for a particular
  charity, you will be entitled to tax deduction
  for expenses vehicle mileage. You may be able to
  deduct 14 cents for every mile driven ask your
  tax professional for the most current deductible
  amount.
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• Expensive items- If you plan to donate
  collectibles, heirlooms or other valuable items
  to tax deductible charities,it would be a good
  idea to have an appraisal done first. You never
  know what that antique item may be worth, and the
  more it is worth, the more you can deduct.

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• Appliances- If you are going to donate household
  appliances like refrigerators, washing machines,
  etc., these provide tax deduction however, you
  should have an idea of the total value of the
  appliance.
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• Charity events- If you participate in a
  charitable event, you can receive a tax
  deduction. To be eligible, you should deduct the
  money paid over and above the fair market value
  of the charitable event meaning, the amount
  used for food, entertainment, prizes and other
  expenses. Before you can deduct these expenses,
  make sure the charity you participated in on the
  IRS list of approved tax deductible charities.
  Call the IRS toll-free at [phone] to do
  this.

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• There are many ways to receive tax deductions,
  but donating to tax deductible charities is one
  that nearly anyone can take advantage of. If you
  have any questions about receiving a tax
  deduction for your charitable donation, please
  ask your tax professional. Get More Info about
  tax deductible charity.