Showing posts with label deductions. Show all posts
Showing posts with label deductions. Show all posts

Wednesday, May 13, 2009

Tax deductions

We bought a book called a deduct it book that lets you track your tax deductions for the year. It is really cool but I had no idea what you need for documentation. It recommends that you write down the value and number of each item you are donating, (there is a place in the book for that) take pictures of all of the items, bag them, take another picture, deliver them to the thrift store, (or wherever), take another picture of the goods being accepted, and get a receipt. Oh, and you will need initials of the person recieving the goods in the book. CRAZY! I also got a really nifty brochure size sheet that helps me track my milage to and from scouts and all of the running around I do for the rescue. We got SCREWED on our taxes this year and it was our fault for not keeping track of deductions. This year will be different.