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NEW! - Keywords For This Page: Charities / Donations - Social Responsibility
Feel free to use this tip sheet / checklist as you tackle your own ""do-it-yourself"" organizing projects. If you would like to REPRINT or DISTRIBUTE this information, please click here for reprinting instructions.
 | KNOW WHAT YOU CAN DEDUCT |  |
- can only deduct the fair market value for an item
- fair market value takes into account item's condition and age
- IRS publication 526 will help you determine your values
- need a written appraisal for donations of $5000 or more
- may deduct mileage for dropping off donations
- contact the IRS at 1-800-829-1040 when in doubt
 | TAX ISSUES |  |
- your donation must be to a qualified organization to be deductible
- a "tax-exempt" organization doesn't mean "tax-deductible" donation
- check IRS publication 78 to see if the organization is qualified
- churches and governments are automatically qualified
- get a receipt for every donation
- must itemize your deductions on your tax return
- to itemize, your deductions must be more than the standard deduction
 | VERIFYING THE CHARITY |  |
- get the charity's information in writing
- include name, address, and telephone number
- find out the charity's mission
- ask how your donation will be used
- check with the Better Business Bureau in your area
- get proof that your donation will be tax deductible
- check out the charity's finances, tax records, or annual report
- see if the charity is registered with your state at www.nasconet.org
- visit www.give.org, www.charitywatch.org, or www.guidestar.org
 | WAYS TO PROTECT YOURSELF |  |
- be wary of overly-sentimental appeals
- watch out for names that are similar to larger charities
- "tax-exempt" or "tax ID" don't mean your donation is deductible
- "keep for your records" doesn't mean your donation is deductible
- find out how much is spent on services versus administration
Copyright 2000-2009 Ramona Creel -- you are welcome to reprint any article, but you MUST include this resource box.
"Ramona Creel is a modern Renaissance woman and guru of simplicity -- traveling the country as a full-time RVer, sharing her story of radically downsizing, and inspiring others to regain control of their own lives. As a Professional Organizer and Accountability Coach, Ramona will help you create the time and space to focus on your true priorities -- clearing away the clutter other obstacles and standing in the way of that life you've always wanted to be living. As a Professional Photographer, Ramona captures powerful images of places and people as she travels. And as a travel writer, social commentator, and blogger, she shares her experiences and insights about the world as we know it. You can see all these sides of Ramona -- read her articles, browse through her photographs, and even hire her to help get your life in order -- at www.RamonaCreel.com. And be sure to follow her on Twitter and on Facebook."
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