Last-Minute Tax Filers Can Ease the Pain With Charitable Giving
Many taxpayers who owe the IRS money tend to wait until the very last minute to file their taxes. (San Franciscans, Houstonites and New Yorkers are the three worst procrastinators, according to TurboTax.)
I can’t say I blame them, but for those of you who fall in this category, remember there’s still about five days to dig out your receipts for charitable donations, which can lower your tax bill.
The IRS says you can deduct the “fair market value” of donated clothing and household goods, based on how much your donations would sell for in today’s market. Read more »
