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Value Donations |  |
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Americans Overpay Taxes Due to "Garage Sale" Donation Values
San Luis Obispo, CA (PRWEB) - Millions of American taxpayers may end up paying the government more taxes than necessary by undervaluing donations. The IRS allows the taxpayer to value donations and report the fair market value for the items but without sufficient time or resources, taxpayers end up reporting conservative "garage sale values" if they report them at all. CharityDeductions.com helps taxpayers quickly and accurately determine the "fair market value" for 100,000+ items for an increased deduction and a lower tax bill.
| Charitable Giving Calculator - See how much you can save on your taxes!
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| 2008 Federal Income Tax Brackets |
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Taxable Income |
| Marginal Tax Rate |
Single |
Married Filing Jointly or Qualified Widow(er) |
Married Filing Separately |
Head of Household | | 10% | Not over $8,025 | Not over $16,050 | Not over $8,025 | Not over $11,450 | | 15% | $8,025 - $32,550 | $16,050 - $65,100 | $8,025 - $32,550 | $11,451 - $43,650 | | 25% | $32,550 - $78,850 | $65,100 - $131,450 | $32,550 - $65,725 | $43,651 - $112,650 | | 28% | $78,850 - $164,550 | $131,450 - $200,300 | $65,725 - $100,150 | $112,651 - $182,400 | | 33% | $164,550 - $357,700 | $200,300 - $357,700 | $100,150 - $178,850 | $182,400 - $357,700 | | 35% | Over $357,700 | Over $357,700 | Over $178,850 | Over $357,700 |
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CharityDeductions.com uses a simple three step process to completely organize your cash and non-cash charitable giving and value donations. Helpful IRS tax forms and publications are also available for download.
Click here to buy now!
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 | Add Your Organizations |  |
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It's simple to set up the organizations you donate to. You can always edit, delete, or add additional organizations later.
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 | Value Donations | |
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Create a donation list for the date you donated or plan to donate (you can change it later). Once you create a donation list, you can view our fair market values of 100,000+ categories to value donations. Add the items you donated to your list. We get our values under a license agreement with eBay® for their completed auction data. Each of our values is based on thousands of successful auction results that comply with IRS approved valuation methods. See IRS Publication 561.
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Print out a report to take with you when you donate--just write "See attached list" on your receipt. Print detailed itemized reports for your tax records or a summary report to give to your tax preparer or accountant. Value donations. You’ll save them time and save yourself some cash!
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