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Donating Household Clutter and Taking a Tax Deduction

Family Balance Sheet

While I love the instant cash that you can get from a yard sale, this year a tax deduction will have to do. It's been awhile since I've taken a tax deduction over having a yard sale, so I did a little research. Unfortunately not everything in your home is considered a tax deduction if donated. Thanks for reading.

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10 Places to Donate Your Clothes And Accessories

Fashion Without Guilt

It is time to Donate all your unwanted items. The Benefits of Donating Items are Endless, but here are just a few: You help others find a new beginning. I am ready to put away anything winter related and make way for all things warm. “What is one man’s trash, is a another man’s treasure.”

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Wait, Don’t Buy That Yet!

Prairie Eco-Thrifter

Since my blog is set up as a business, I could deduct the expense – or at least depreciate the asset over time – reducing my taxes. So, hey, I guess I can take the tax reduction next year as well as this! Cosmetics and jewelry. I learned late in life that there are best times to buy certain things. Other tips.

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How Long Should You Keep Financial Documents

Family Balance Sheet

However, you should print any canceled checks or year-end statements that you would need for tax purposes, ie - charitable contributions, home improvements, business expenses, mortgage payments, etc. Any bills for big purchases like jewelry, appliances, computers, etc, should be kept permanently for insurance and warranty purposes.

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Lean On Me, When You're Not Strong

Work With What You've Got

From Wendy Brandes Jewelry Blog… “I’ve got bad news for you. You can donate any amount of money to her via Paypal by clicking on the “donate now” button in the upper right corner of this blog. You can donate any amount of money to her via Paypal by clicking on the “donate now” button in the upper right corner of this blog.

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Marnie's Coupon-a-ram-a: Do a Budget Check Up

Marnies Coupon-a-rama

Around tax time we always check our various accounts. Your small donation helps us find deals for you! Our Own Photo Art and Jewelry For Sale! Are you wondering if you could lower your monetary contributions to certain companies? It never hurts to do a budget check up. Can you save on insurance costs? We just did.

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Meet a Reader | Mbmom11, in the Midwest

The Frugal Girl

I am not tempted to splurge on jewelry, make-up, or manicures. If I could spend it without strings, I might just donate it to a food pantry. It’s much cheaper to stay in place than to move to a bigger home with more expenses, higher taxes, etc. I do blow money on other things, but nothing consistently. 😉 10.