As you sit down to prepare your 2007 return, dont forget these often-overlooked deductions: Non-cash charitable contributions. Most charities will provide a range of thrift values for commonly donated items (The Salvation Army posts a list at www.satruck.com). Youll still need a receipt to substantiate your gift in the event of an audit (an independent appraisal may be required, depending on the value of the gift). Also, keep in mind that any gifts of used clothing or household[...]
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[Source: The Money Blogs]
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