Donation Rules Change

By: Shane Symolon Email
By: Shane Symolon Email

Tax preparation experts say it’s important to get to work early on putting together all your information from charitable donations, because of changes to the law regarding them.

Jerry Kite with Goodwill says the store in Staunton is not only seeing more donations, but it's also seeing better quality in the clothing after a new tax law requires that all donations must be in good condition.

"I think it helps us get a better quality donation. We still get some that is not of good quality, but it’s helped us," says Kite.

Jarrett Gold with Liberty Tax Service says, in another month, his tax preparation office will be full of people. He says people used to be able to write off any kind of donation, whether it's cars or clothes.

"They have to be in good condition. You can't donate, like, when you wear out a pair of jeans, because you can't really wear them. You can only write off things that are in good condition," says Gold.

While it’s hard for the IRS to enforce it Gold says to take a picture.

"If you really want to cover yourself, then take pictures of all that stuff, save it on your computer and keep it in your file, it would be a great idea because then you don't have any questions," says Gold.

Gold says laws regarding cash donations have also been changed. He says now you need a receipt for every cash donation to get tax write-offs, even for just a dollar.

"It used to be, with the church plate, you could say how much you've put in. Generally it was up to $250 and they'd say 'yeah you can just take it,'" says Gold.

Tax preparation experts say only the rules have changed. If you make donations, you will still get it back the way you always did.


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