
- October15 2004
- Volume 11
- Issue 19
Clothes Call on Taxes
When you clean out your closet anddonate to charity the clothing you nolonger use, you can deduct the value fromyour income taxes. But what's the valueof a dress shirt or a blouse? For expertvaluations on more than 3000 consumeritems, including books, clothing, andsporting goods, you can downloadItsDeductible software from Intuit (www.shop.intuit.com). The software runs $20for the basic version; $10 more gets youan upgrade that also puts values on usedvehicles based on Kelley Blue Bookprices, as well as on electronics like computersand digital cameras. The softwarecomes with a money-back guarantee ifyou don't shave at least $300 off yourtax bill. Intuit will also reimburse youfor any penalties and interest you mayhave to pay if the IRS successfully disputesthe value of your deductions.
Articles in this issue
about 18 years ago
Question Your Ideal Investment Optionabout 18 years ago
Determine when a Roth IRA Makes Senseabout 18 years ago
Ponder the Privatized Social Security Issueabout 18 years ago
Accelerate Retirement Savings with a 412(i)about 18 years ago
Replace Malpractice Fiction with Factabout 18 years ago
Expand Your Insurance Protection Planabout 18 years ago
Save More with College Rewards Programsabout 18 years ago
Select a Team Worthy of the Super Bowlabout 18 years ago
Recover Taxes from a Natural Disasterabout 18 years ago
Strengthen Your Retirement with CharityRelated to this article








