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More Beneficial to Donate or Sell?
J.E.
asks from Dallas
Hi all, I have a garage full of things that we'd planned to sell in a garage sale. However, I am donating a kitchen table to Good Will on Monday and, since their ...
ANSWERS
See all- I think its better to have the cash because a 500 tax deduction does not equal 500 cash it only deducts that off of your income... if you have the space to store it h...
- The technical answer is it depends on your tax bracket. You don't pay taxes on dollars donated. For estimating, you could say that you will save about $.25 for ever...
- You cannot deduct the full amount that you donate...depending on whatever tax bracket you fall in, you can donate a certain PERCENTAGE of what you donate. So if you ...