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Thread: I have a question about donating quilts or the labor put into them

  1. #41
    Senior Member
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    I forgot to consider postage....yes. local is best. It's a shame that mailing items doesn't get a reduction...but the PO is in such a mess that will never happen. Plus some folks would try to use it just to save $$$....nope....that will never happen.

    "I did a couple quilts for Quilts for Kids, not interested in doing that again, paying to mail them off..., no offer of a tax deduction. I g...."

  2. #42
    Senior Member
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    any legitimate donation to a 503C ( charitable deduction) is tax deductible . That includes mileage to work at the charity site etc. If the organization doesn't give a tax receipt which all 503C's are required to do, you can take up to $500.00 a year off your taxes without receipts. You have to list what you donated and the value however less than $500.00 a year total deductions on a 1044 don't require a receipt.
    If you are making a quilt specifically, keep sales receipts for materials etc. for reporting purposes.

  3. #43
    Super Member ghostrider's Avatar
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    Quote Originally Posted by riutzelj View Post
    any legitimate donation to a 503C ( charitable deduction) is tax deductible . That includes mileage to work at the charity site etc. If the organization doesn't give a tax receipt which all 503C's are required to do, you can take up to $500.00 a year off your taxes without receipts. You have to list what you donated and the value however less than $500.00 a year total deductions on a 1044 don't require a receipt.
    If you are making a quilt specifically, keep sales receipts for materials etc. for reporting purposes.
    It's actually 501(c)3 organizations that I believe you are referring to, but there are others that qualify as well. Qualified organizations include those organized for charitable, religious, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Certain organizations that foster national or international amateur sports competition also qualify.

    Also, regarding the cost of mailing donated quilts (or any other donation), the postage cost can also be claimed as part of the deduction. You do not have to 'eat' it.
    Last edited by ghostrider; 03-06-2013 at 01:05 PM.
    The Earth without art is just "Eh".

  4. #44
    Super Member Charming's Avatar
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    Thank you all sew very much for the replies on this post. I am not by any mean a high bracket income and getting the tax deduction is the least of my concerns. If i want to do something as a goodwill i definately don't want a return for it, but the fact knowing that some people use others and get away with it in collecting donated stuff and products for the needy and not using them the right way drives me crazy and makes me sick. After i sewed day and night for one non profit and having that bad experience at the end yes i have the right to know where my efforts are going and knowing they are going in fact to the needy not the greedy. I understand that we can't control the route for all the donations we make but i know if i "at least to my knowledge" took the right route and got a paper from the organization stating what i gave (even if i don't claim it) that they really put it to good use.
    Hope i am making sense here.
    Faten
    Www.easyquiltingcorner.com

    Work like you don't need the money
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  5. #45
    Super Member
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    Quote Originally Posted by clsurz View Post
    For me personally when I create a quilt to donate to an individual or group I do it out of love wanting to help them have a better life. Otherwise I would not do it.

    Years ago when I had lots of stuff to get rid off I donated to organizations like Salvation Army, Goodwill, etc and they would give me a blank piece of paper and I was to fill out the value of what I felt it was worth. I usually would put no more than 25% retail value. I use to take those deductions of my taxes each year but than it got to be to cumbersome because tax code only allows a certain amount overall each year and the difference can be claimed the next year. It really did not help me much so I quit doing it.

    Now I just donate and refuse a receipt! My attitude is that I'm donating out of love to help others and that is good enough for me.

    If I see a need regarding quilts and/or blankets I just make them and give them away. I call it "paying it forward" which blesses the folks I give it to and the good Lord keeps blessing me in many ways more than I ever expected in this life time.
    Absolutely!

    For kicks this year I itemized my donations to Goodwill, etc. Around $250.00 equalled about a $20.00 difference on my taxes. Not worth the trouble.

    I also donate a lot of time to verious organizations and do not expect to get a tax break.

    "Donating out of love" - what a nice way to put it.

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