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Originally Posted by pearlieq
Goodwill. Get rid of it, support their valuable work, and get a tax receipt!
Unless you have a lot of big-ticket stuff, you'll make more on the tax deduction than you would on the garage sale.
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We were thinking of the Goodwill idea. Exactly how do you price things when you do this. We have tons of baby clothes that we are ready to move out, but a garage sale seems to be a ton of work. The haggling annoys me when it is a $2.00 item and they ask for $.50 off, while they are driving an SUV.
We are in the 15% tax bracket after all deductions and I figure we can/should be better off donating items vs garage sale.
What can you deduct if an outfit is legitimately $24.00 at the store? Can I put $24 on the receipt or just the $2-3 we might get?