Retiree Tax Tip: Donating Items to Charity

Generally, the higher the value of your donation, the more records you'll need to gather.

(Image credit: MuratDenizPhotoImage)

Taxpayers who expect to itemize their 2018 tax returns may want to scour their closets before year-end for gently used goods to give to charity and boost their charitable deduction. But writing off those donated goods comes with its own set of rules from Uncle Sam.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here