Although allowances may vary from state to state, charitable contributions are one way to reduce your tax debt, and with tax time upon us, we want you to take advantage of every tax deduction you can.
123JUNK removes many items from our customers’ homes and businesses that are primarily reusable because they are in good condition. These can include household items, furniture, clothing, or even business equipment. You simply have no use or room for the items any longer.
What is Junk to You is a Treasure to Someone Else
In keeping with the 123JUNK philosophy of Donate-Recycle-Dispose, we donate these perfectly-good items to our charitable partners, like Habitat for Humanity or the Pender ReGift Thrift Store so they can reissue them back into the community for people who need or want them.
123JUNK Gives You a Donation Receipt for Your Taxes
But the good news doesn’t end there. When we drop your items off, 123JUNK obtains a receipt for these goods, which we then mail to you so you can take the deduction on your tax returns. (If the contribution value is higher than $250, you must support your deduction with a receipt and a description and estimated value of items donated.)
The IRS has rules that must be followed for your donation to qualify. For example, the donation must be made to a qualified organization (like a church, non-profit or charity) and it cannot be more than a certain percentage of your adjusted gross income, depending on what type of property it is. Your tax professional can help you with the details.
Please note that 123JUNK is not qualified to offer either legal or tax advice. Please consult a professional if you need assistance. But do give us a call to help clear the clutter from your home or business. Our professionals are ready to haul!