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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. Keep it with your tax documents.

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How is Your Vacation Rental Doing?

Prairie Eco-Thrifter

We paid around $200,000 in 2007 for the property with an extra amount for furnishings and a slip in a yet-to-be-built boat dock. If we had put that quarter of a million dollars into a tax exempt bond fund at the time, it would have earned around 4% in yearly income, or around $8000 – every year for the past 10 years.

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Selling Your Investment Property?

Prairie Eco-Thrifter

Before you start spending your profits, take a breath and then sit down and think through what your net gain or loss might actually be – after taxes and all selling expenses. Real estate is subject to yearly taxes by the county. Of course, you have taxes every year you own the property as well. Capital Gains.

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Target Refresh Your Nest Sweepstakes — Savings Blogger

freestuff.tv

Prize includes paint, furniture, lighting, furnishings and more, plus $10,000 to help offset taxes on prize (ARV: $50,000). Contest ends 30 April. Enjoy this site? Please subscribe via Email to have savings, advice, coupons and offers sent directly to you.

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Meet a Reader | JenRR from the Midwest

The Frugal Girl

While we were still renting an apartment, I researched areas with lower property taxes, scouted out my ideal neighborhoods, and waited for a smaller, less expensive house to come on the market. Our first house post-wedding was very sparsely furnished/decorated because I didn’t want to spend money on something I didn’t absolutely love.

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6 Tips to Save Money On Home Décor

Saving Cents With Sense

1 – Look for used furniture instead of new furnishings. A lot of people give away their furniture and other furnishings and belongings simply because it is easier and faster than selling it. If you can’t sell something, consider donating it and at least getting the tax write off. Below are some of the best. #1

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My Best Garage Sale Finds

Prairie Eco-Thrifter

If you keep your head and are persistent, you can find many things you want or need, all in near perfect condition, for a fraction of the cost with NO TAXES due. For example, if you want to buy slightly used home furnishings, find an upscale neighborhood where the kids are mostly grown. Board games for Money Camp $4 each.