Can I deduct furniture donations on my taxes?
An example of an AI chatbot conversation about tax deductions for furniture donations.
Can I deduct furniture donations on my taxes?
Yes, you can deduct the fair market value of furniture donations if you itemize your deductions.
What documentation do I need to provide for the deduction?
You'll need a receipt from the charity and a description of the items donated.
Are there limits on how much I can deduct?
Yes, the deduction is limited to the fair market value of the items and may be subject to overall deduction limits.
What if I donated to a non-profit organization?
Donations to qualified non-profit organizations are generally deductible, as long as you have the proper documentation.
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