At tax time, do you struggle to find receipts for donations of clothing and other household items to charities? Here’s a quick way to record your non-cash donations and reap a federal tax deduction for 2014.
As you drop off those used items at Salvation Army’s or Goodwill’s receiving stations, take a picture with your cell phone. Be sure to include both the goods for donation and the organization’s receipt in the photo.
Next, create an album on your phone and name it “2014 Tax.” Or, if you prefer to store the photos on your home computer, simply email them to yourself.
It’s a simple trick that can save time and assure that you don’t miss out on deductions for charitable giving!