Donation value guide for 2024
This list of common items offers an idea of what your donated clothing and household goods are worth, as suggested in the Salvation Army’s valuation guide.
Andrea Coombes, a tax editor at Bankrate, loves to translate complex personal finance topics into understandable content that helps people live their best financial lives. She’s a Certified Financial Planner™ and over the past 20 years has worked as a financial coach, personal finance writer and editor and volunteer tax preparer.
Her work has been published in the Wall Street Journal, USA Today, Yahoo Finance, San Francisco Chronicle, Miami Herald and more.
This list of common items offers an idea of what your donated clothing and household goods are worth, as suggested in the Salvation Army’s valuation guide.
Learn how bonus tax rates are calculated using the percentage method or aggregate method.
Net income provides a more accurate account of financial status than gross income. Here’s why.
If Congress does nothing next year, taxes could increase for millions of Americans.
For taxpayers with children under 17, the child tax credit is a valuable tool for reducing taxes.
The gift tax imposes a tax on large gifts, preventing large transfers of wealth without any tax implications.
The AMT has its own set of tax rates and requires a separate calculation.
These both help taxpayers understand how much they owe the IRS.