Donated quilts and IRS
by, 11-17-2013 at 05:26 AM (1001 Views)
Does anyone else make quilts specifically to donate? Last year I sent 30 quilts (twin bed size) and 15 pillows to a children's cancer support group and when I did my taxes (credit for donations) I was only able to deduct a few dollars for each quilt. Each quilt had at least $50 worth of materials without counting thread and time actually quilting and binding (and not counting the $130 postage to mail all the packages).
This year I made 17 to give to my local children's hospital.
Any ideas on how to get better deduction from IRS?