Many taxpayers do not know the correct way to record charitable contributions.
We would like to provide you with this step-by-step guide including examples to ensure you are recording your contributions the correct way from the beginning!
1) Take photos of the items you plan to donate
2) Calculate the value of your items using this spreadsheet:
3) Be sure to get a donation receipt when items are dropped off at location.
It is also important to remember that your receipt should state that no goods or services were provided in exchange for the contributions.