4/16/12
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Many of us fill bags with unwanted clothes and drop them off at Goodwill as a way to help the charity, clean out the closets and feel good. While we may forgo the receipt for tax-deduction purposes because it can be laborious itemizing every single item donated, consider getting a receipt when donating larger items. Furniture, artwork and major electronics all retain value when donated, so research the estimated retail value and place a sticky note on each item you donate. You'll be able to deduct around 30 percent of that value from your taxes.