http://www.technicalstressings.com/goodwill-donations/does-buying-goods-at-stores-such-as-goodwill-consitute-as-a-donation-to-a-charitable-organization Tue, 11 May 2010 01:30:18 -0400 http://wordpress.org/?v=2.8.4 hourly 1 http://www.technicalstressings.com/goodwill-donations/does-buying-goods-at-stores-such-as-goodwill-consitute-as-a-donation-to-a-charitable-organization/comment-page-1#comment-2453 churchonthewayseniors Sat, 12 Dec 2009 00:49:59 +0000 http://www.technicalstressings.com/goodwill-donations/does-buying-goods-at-stores-such-as-goodwill-consitute-as-a-donation-to-a-charitable-organization#comment-2453 no luck on what you buy from theses stores, only the receipt that you get when you donation goods or if you give them a cash gift, the receipts are different for donations and purchases.............<br><b>References : </b><br> no luck on what you buy from theses stores, only the receipt that you get when you donation goods or if you give them a cash gift, the receipts are different for donations and purchases………….
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]]> http://www.technicalstressings.com/goodwill-donations/does-buying-goods-at-stores-such-as-goodwill-consitute-as-a-donation-to-a-charitable-organization/comment-page-1#comment-2452 FlCpa Sat, 12 Dec 2009 00:13:59 +0000 http://www.technicalstressings.com/goodwill-donations/does-buying-goods-at-stores-such-as-goodwill-consitute-as-a-donation-to-a-charitable-organization#comment-2452 No it's not. That is why your Goodwill purchase receipt willususally say "Not a donation. This receipt is for a merchandise purchase." (Church thrift stores are the same scenario. But this actually is a very good question. As a tax professional I OFTEN see people who go to "charity auctions" and are under the impression that they will get a charitable donation for the money used to "bid" for the items. The amount that you can claim as a charitable deduction would be the amount OVER the value of what you have purchased. In your case I'm sure that you are not paying over the value of the item since these are used items, but a real-life example of the auction scenario is this: Mrs. Rich goes to a "charity auction" for Smallville Youth Athletics and bids $200 for a signed pair of shoes from Mr. Big Name athlete. In a sports collectibles store you will pay $175 for Mr. Big Name's autographed shoes. Only $25 of this check to Smallville Youth Athletics is a donation.<br><b>References : </b><br> No it’s not. That is why your Goodwill purchase receipt willususally say "Not a donation. This receipt is for a merchandise purchase." (Church thrift stores are the same scenario. But this actually is a very good question. As a tax professional I OFTEN see people who go to "charity auctions" and are under the impression that they will get a charitable donation for the money used to "bid" for the items. The amount that you can claim as a charitable deduction would be the amount OVER the value of what you have purchased. In your case I’m sure that you are not paying over the value of the item since these are used items, but a real-life example of the auction scenario is this: Mrs. Rich goes to a "charity auction" for Smallville Youth Athletics and bids $200 for a signed pair of shoes from Mr. Big Name athlete. In a sports collectibles store you will pay $175 for Mr. Big Name’s autographed shoes. Only $25 of this check to Smallville Youth Athletics is a donation.
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]]> http://www.technicalstressings.com/goodwill-donations/does-buying-goods-at-stores-such-as-goodwill-consitute-as-a-donation-to-a-charitable-organization/comment-page-1#comment-2451 Lala_79 Fri, 11 Dec 2009 23:48:59 +0000 http://www.technicalstressings.com/goodwill-donations/does-buying-goods-at-stores-such-as-goodwill-consitute-as-a-donation-to-a-charitable-organization#comment-2451 NO. Only when you donate items (goods) can that be considered tax-deductible.<br><b>References : </b><br> NO. Only when you donate items (goods) can that be considered tax-deductible.
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]]> http://www.technicalstressings.com/goodwill-donations/does-buying-goods-at-stores-such-as-goodwill-consitute-as-a-donation-to-a-charitable-organization/comment-page-1#comment-2450 pollywump Fri, 11 Dec 2009 23:09:59 +0000 http://www.technicalstressings.com/goodwill-donations/does-buying-goods-at-stores-such-as-goodwill-consitute-as-a-donation-to-a-charitable-organization#comment-2450 Charity should be just that.....charity....period. To assume to give a gift of charity, one should not think of a gain, as in a tax write off. Once a donation or a gift leaves your hand, let it go. If your that greedy, don't bother donating.<br><b>References : </b><br> Charity should be just that…..charity….period. To assume to give a gift of charity, one should not think of a gain, as in a tax write off.
Once a donation or a gift leaves your hand, let it go. If your that greedy, don’t bother donating.
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]]> http://www.technicalstressings.com/goodwill-donations/does-buying-goods-at-stores-such-as-goodwill-consitute-as-a-donation-to-a-charitable-organization/comment-page-1#comment-2449 spot Fri, 11 Dec 2009 23:00:59 +0000 http://www.technicalstressings.com/goodwill-donations/does-buying-goods-at-stores-such-as-goodwill-consitute-as-a-donation-to-a-charitable-organization#comment-2449 No.<br><b>References : </b><br> No.
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]]> http://www.technicalstressings.com/goodwill-donations/does-buying-goods-at-stores-such-as-goodwill-consitute-as-a-donation-to-a-charitable-organization/comment-page-1#comment-2448 shaiinfomed Fri, 11 Dec 2009 22:43:59 +0000 http://www.technicalstressings.com/goodwill-donations/does-buying-goods-at-stores-such-as-goodwill-consitute-as-a-donation-to-a-charitable-organization#comment-2448 Buying goods at a thrift store does not constitute a donation. Giving goods is a donation and that can be written off on your taxes if you have a receipt.<br><b>References : </b><br> Buying goods at a thrift store does not constitute a donation. Giving goods is a donation and that can be written off on your taxes if you have a receipt.
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