What are some commonly overlooked charity deductions?

What are some commonly overlooked charity deductions?

Steve Duben, CPA (Partner, Duben & Natividad) gives expert video advice on: What is a "deduction"?; What is a "standard deduction" and how much is it?; What is an "itemized deduction"? and more...

Now, part of your charitable deductions are also donations of used clothing, furniture, etc. to a charity such as "Good Will", "Salvation Army"; those types of charities. You can donate those goods to the "Good Will", to charity, and you need to have a list of what you donated. The donation value is going to be the fair market value; thrift shop prices, and these charities have a list as to what those used clothing or used furniture is worth. You need to maintain a receipt from the charity saying that they received the goods, and you should also maintain a list of all the items that you gave with an extended price on those donations.