Tax tip Tuesday!

Do you donate clothing, toys, other items to local charities? How do you decide the worth of the items? I used to jog down what I donated and valued the items at the price that I would sell them for at a yard sale. A friend told me about itemizing software that is offered by most online filing sites. This year I kept a list of the items I donated and the shape that they were in. I used the itemizing software and wowza...the value it places on the items was so much higher than what I had calculated in the past! Leather jacket was worth $20, sweater was worth $20, and baby equipment was of good value too! All in all, my tax impact was so much more than previous years! Don't "leave money on the table"!!!!