NASHVILLE, Tenn. – It's the busiest time of year for Goodwill as year-end donations are rolling in.
Goodwill said their donation centers assist twice as many donors during the last six days of the year.
All items donated to Goodwill before January 1 are tax deductible on 2012 tax returns.
"Everything that's donated goes to those who obviously couldn't afford it. And the bigger picture is when those items are sold in our stores nearly 90 percent of the profits fund our mission of providing jobs and job training to those who struggle to find work," said spokesperson Jamie Berry. "And we do that through our Career Solutions Center."
Here are a few things to keep in mind when donating to Goodwill:
Donors who wish to claim a tax deduction should request a receipt from the attendant when they drop off their donations. The IRS allows a deduction for each item, but it is up to the donor to estimate each item's value.
Have an inventory of your items ready before your trip to Goodwill.
If you have a single donation worth more than $500, you will need to complete IRS Form 8283.
If you have a single donation worth more than $5,000, you will need a qualified written appraisal.
For donors unsure what to donate, we have compiled a list of items that can and cannot be accepted by Goodwill. You can find that list on www.giveit2goodwill.org – just click on the donate tab and then look under FAQs.
It helps if you remove all hangers from clothing.
There are more than 70 Donations Express Centers located throughout the 46 counties served by Goodwill Industries of Middle Tennessee. To find the one nearest you, go to www.giveit2goodwill.org.