7 mistakes to avoid on your 2012 tax return
Charitable deductions – in kind
Your used clothing donated to charity may not be seem worth much, but consider using valuation software to determine how much to claim. You may be pleasantly surprised. The same applies for furniture and other household items donated. Clothing must be in good condition or better to take the deduction.
Source: Rick Rodgers, president of Rodgers & Associates.
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