if the cash contributions were made to a qualifying charity. If you wish to go this route, you must choose the new limit, which is reduced by any other charitable contribution deductions you claim.
Valuing Your Donation When you donate cash to a charity, it's easy to tell how much you get to deduct on your taxes. With gifts of goods or property, such as clothing, household appliances or games you don't play any more, you're allowed to deduct the fair market value, which the ...
As she pulled out two sweaters tied together from a donation box, she felt something heavy wedged in between them. She first assumed the items were just books. When she pulled the sweaters apart, to her astonishment, she found stacks of envelopes filled with $100 bills....