IRS, Donors, and Tax Court Struggle With Used Clothing Deductions
Author: Staff Editors.
Source: Volume 06, Number 05, July/August 2007 , pp.5-5(1)
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Abstract:
One of a number of charitable changes in the Pension Protection Act of 2006 was a provision addressing the perennial problem of overvaluation of contributions of used clothing and household items. The Act addressed this by denying a deduction for such items unless they are in “good used condition or better.”Keywords:
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