ost people assume this is simple: donate clothes to Goodwill, get a receipt, and take the deduction. But when it comes to Goodwill clothing deductions, the IRS has very specific rules—and missing one small detail can wipe out the entire deduction. That’s not an exaggeration. There was a recent case where a taxpayer donated thousands...Continue reading
Tag: itemized deductions
Tax Preparation Checklist: 5 Key Components to a Faster Tax Filing
Moving away from using TurboTax®, HR Block® or some other DIY tax software this year and getting your taxes prepared by a local Cleveland area tax professional? Good! You’ll be glad you did. Just make sure not to fall for any of these myths when choosing a tax preparation service outlined in our post “It’s...Continue reading
