As 2016 comes to a close, we're giving tips to make end-of-year giving easy. Because Goodwill is a nonprofit organization, any donations made to Goodwill by the end of business hours on Saturday, December 31st can be deducted from 2016 taxes.
Here are some helpful hints for saving on your taxes:
- Donate early! Beat the rush and make sure your donations are counted in time.
- Have an inventory of your items ready before your trip to Goodwill. This will make it easier to itemize your donations when preparing your taxes. All Goodwill donations are tax deductible. Please reference Goodwill Industries International’s Valuation Guide for Goodwill Donors to help you determine your Goodwill donation’s value.
- Know your options! You can donate at any of Goodwill Industries-Knoxville’s 28 regional retail stores, or at a Goodwill attended donation center at a city or county recycling center. Locations and hours are available here.
- Make sure that your donations are handed directly to a Goodwill staff member to get your receipt. Goodwill is only able to accept donations and write receipts during regular business hours.
- Know what can and cannot be accepted. Goodwill can accept a wide variety of items including clothes, toys, kitchenware, sporting equipment, books, dvds and more. They cannot accept donations of televisions, mattresses, washers, dryers or refrigerators. Find a full list of accepted items here.
- Donate with confidence. Your donation will be sold in one of Goodwill’s retail stores, raising funds for Goodwill’s job training programs and employment services for people with barriers to employment. Rest assured that your donation is making an impact in your community, one job at a time.