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Posted by on Jan 19, 2016 in How To, Savings Advice | 0 comments

Sell, Donate or Deduct? What to Do with Your Unwanted Stuff

donations

As you organize your paperwork for Tax Day 2016, you might be looking at charity donation receipts and wonder whether that was the right decision; whether it’s better to sell your items online or at a garage sale, or whether it makes better¬†financial sense to take that deduction from Uncle Sam. ¬†That’s $6,200 for individuals and $12,400 for married couples (you have to itemize deductions in order to do this). Money Crashers helps you weigh your options:

The right answer depends on a few factors: how much free time you have on your hands, what kind of goods you want to get rid of, and your ability to claim charitable deductions.

Read the full Money Crashers article here.

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