There is Still Time To Make a Tax Deductible Donation to Goodwill
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There is Still Time to Make a Material Donation to Goodwill for Tax Purposes Goodwill stores and Attended Donation Centers are open this week and ready to accept your donations. During regular hours you will receive a donation receipt to use for tax purposes. Goodwill accepts donations of gently used:
Goodwill also welcomes the donation of:
Vehicles are sold at auction to generate additional financial support for Goodwill’s mission. The revenue from the sale of donations is used to fund training and employment programs for people in our community that need assistance getting back to work.
Donations are accepted at the 15 Goodwill retail stores throughout East Texas, as well as at the Attended Donation Centers conveniently located throughout these communities. For the retail or donation center location nearest you visit Goodwill East Texas Attended Donation Centers |
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Your Last Minute Tax Deduction is Only a Click Away!
Goodwill also accepts monetary donations for even easier last minute tax deductions. Through Goodwill’s secure PayPal account you can make your monetary donation using a credit card by visiting Donate Now to Goodwill Industries of East Texas You can also mail monetary donations to: Goodwill Industries of East Texas 409 West Locust Tyler, TX 75702 |
| 1. How do I determine the value of my donation for tax purposes? Donors interested in claiming tax deductions should keep itemized lists of their donations. Goodwill provides receipts to donors at its drop-off sites, and attendants can validate itemized lists when they are presented. The Internal Revenue Service allows a deduction for each item “in good used condition or better” that is donated. Generally, an item’s value should be based on fair market value. It is important to remember that Goodwill is prohibited by law from putting a dollar value on your receipt.The IRS defines “fair market value” as the price an item would sell for in a thrift store. For more information see IRS Publication 561, as well as the Valuation Guide available at the IRS Valuation Guideon their website .3. If I lose my donation receipt can Goodwill give me a new one?Unfortunately Goodwill is unable to give duplicate copies of donation receipts.4. How do I know if I am eligible to for a tax deduction using my donation receipt from Goodwill?Please consult your tax advisor if you are unsure if you are able to use your Goodwill donation as a tax deduction.
Each time you donate or shop at Goodwill you are helping people and families in our community achieve a better life through work and independence. |
Goodwill Industries of East Texas employees and all whom we serve thank you for your support in 2011 and look forward to helping more people get back to work in 2012!   |
