What's In the Garage?
Tax Time Organization – Finding Tax Breaks in Your Garage
Can cleaning out your garage keep more money in your pocket? It just might. By donating items you don’t need but are in good condition to a charitable organization, you can give back to your community and get a tax break, too. Here’s how to sort through your stuff and get your donations organized in no time.

Step 1: Find a good place to start
If possible, clear an area in your garage where you’ll place your donation items. Then, find a starting point in your garage and go either in a clockwise or counter-clockwise direction. You’ll be able to make a clean sweep and go through each section of your garage one time.

Step 2: Mark items that you’ll donate
Are you planning to donate to more than one organization? Or not sure if a family member wants to part with particular items? Keep your donation items organized as you go with boxes labeled for church, school, Goodwill® - and maybe even one marked “not sure.” With Avery Shipping Labels with TrueBlock Technology, you can completely cover up existing markings or old labels on boxes, so the information on your new labels are easy to read.

Step 3: Make sure your donations count
Make sure your donations go to qualified charitable organizations. If you’re not sure, just ask the organization, check with the IRS or view this document to find a list of charitable organizations.

Step 4: Create a record of giving
Remember to get proof of your donation. For donations large or small, the IRS recommends collecting receipts, and for monetary donations keeping cancelled checks and credit card statements. If you don’t have the right paperwork, you won’t be able to deduct your donation.

When you’ve got stuff in your garage you don’t need, don’t just throw it out—consider donating your items to charitable organizations. You can put your clean-up efforts to good use by helping those that are less fortunate, while reducing your taxable income.

Other articles you might like:

Tax Time Organization—Prepare to File
Tax Time Organization—Recordkeeping Tips

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AVERYTax Time Organization – Finding Tax Breaks in Your Garage
 
4.5

(based on 6 reviews)

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Reviewed by 6 customers

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4.0

Saving receits

By Polkadotlady

from Undisclosed

This review is from AVERY Tax Time Organization – Finding Tax Breaks in Your Garage:

Hello Everyone,

I liked the idea that Majestymil had of scanning her receits, etc.onto separate usb sticks. It sounds like a great idea for taming the "paper monster" that so easily takes over my purse, desk, and what ever is handy for stashing a piece of paper. My question though is; will a copy of a receit be accepted by whom ever requested it, for instance; like tax purposes or returning merchandise?

 
5.0

Finding Tax Breaks in Your Garage

By TLRCO

from Undisclosed

This review is from AVERY Tax Time Organization – Finding Tax Breaks in Your Garage:

An excellent article and reminder, especially in terms of the organization part. It has been said, that to achieve anything worthwhile, one has to work at it. Of course, it takes work to do this, but look at the results it can bring to those who put forth the effort.

A famous teacher once stated: " There is more happiness in giving than there is in receiving." Look how good one can feel when donating something to someone who has a need. And then look how good it is when the government seeks to reward its citizens for being generous and not close-fisted. It is a win-win situation. What can be better than that?

And, what helps us with the organization part, but the great labeling products from Avery.

 
4.0

Donating is Right

By 07Jamie

from Undisclosed

This review is from AVERY Tax Time Organization – Finding Tax Breaks in Your Garage:

Thank you for the reminder to donate to those in need. If it's true that you have to save every receipt for every purchase you ever made and might get rid of in the future, then I probably won't turn the donation in, but I most certainly would still donate. It is possible to donate because you want to help others, not because you will get money back on your taxes.

(1 of 1 customers found this review helpful)

 
4.0

picky labeler

By majestymil

from Undisclosed

This review is from AVERY Tax Time Organization – Finding Tax Breaks in Your Garage:

someones review commented on time. Well each week I scan all my receipts, paystubs, pics anything i think i might need each memory stick is specific. When i need something i can go to that file on the stick. So yes the tax break is worth alittle more effort. Especially since i get to pick the labels for the sticks

(3 of 3 customers found this review helpful)

 
5.0

Donations may not be worth the effort anymore.

By tc22

from Undisclosed

This review is from AVERY Tax Time Organization – Finding Tax Breaks in Your Garage:

Last year we had made donations to Salvation Army and our CPA told us that we will need to keep all of our receipts for any items we purchase, so that when we donate the items to a charity, we can use the donation as a tax deduction. That seems like a lot of paper work to keep track of. This may hurt charities if people quit making donations because of this change.

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