Originally Posted by
qwkslver
For now you can take your donations to Goodwill or whatever charity and ask them for a receipt. Or make one up listing what you donated and ask them to sign it. It has to be signed by whoever is receiving it. Then you can add up whatever you have in it and take it off your taxes. You better believe my taxes are high enough I get to do this. I understand that next year this may not be the case. The IRS is thinking of taking that deduction away from us. You can check IRS.gov for recent info on this.
As a side note, the IRS does not make tax law. The IRS is not thinking of taking away deductions. Congress makes tax law.
You can't deduct any thing for the time you spent making a quilt. You can deduct the actual cost of the materials you put into the quilt.
Being able to take deductions has nothing to do with what tax bracket you're in. It's simply a matter of your itemized deductions adding up to more than the standard deduction.
I did taxes for 8 years. During that time they tightened up the rules for taking charitable deductions.