Now that the kids are back to school it may be a great time to do some fall cleaning. When you find those items which are not useful to you, but could be a treasure for others, consider donating them to charity.
When you make your donation, be sure to keep a detailed list of each of the items you donate and their corresponding values. Also make sure you get a receipt from the charity. Many of our clients miss these opportunities and this can be a great deduction.
If you have specific questions about charitable giving, give us a call at Saggio Management Group and we can discuss tax savings alternatives with you.