"To be written off on your tax return, a donated item must at least be in good condition."Įven people who take the standard deduction and don’t itemize can claim charitable contributions on their 2021 tax forms-up to $300 for individuals and $600 for couples filing jointly-thanks to a temporary provision in the Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted last December.įor help in coming up with the valuation, use TurboTax’s ItsDeductible (online or as an app), which values items based on current eBay prices. If youre using a Mac, drag the red TurboTax icon to the Applications. 2 TurboTax pricing is based on your tax situation and varies by product. Offer may change or end at any time without notice.
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"You can deduct the fair market value of the laptop-that is, how much it would be worth if you sold it on, say, eBay," says Tobie Stanger, a CR senior editor who has covered taxes. 1 TurboTax Free Guarantee 0 Federal + 0 State + 0 To File offer is available for simple tax returns only with TurboTax Free Edition a simple tax return Form 1040 only OR Form 1040 + Unemployment income. Keep in mind that your donation may be eligible for a tax break. To find a nearby nonprofit in need of equipment, you can check out the hundreds of prescreened organizations listed on the Digitunity website. These days, it’s hard to do homework, apply for a job, or even schedule appointments for medical treatment without access to a computer and broadband.Įven a 5- or 6-year-old computer can be given a second life in a new home. 605 Truman, Harry, 453 trusts, defined, 330 TurboTax, 252 Turkey Big Mac Index. If you’d like to contribute a laptop to a family in need, Digitunity and the World Computer Exchange can help you make that happen. Copyright 2012 Cengage Learning, All Rights Reserved, May not be copied. It’s always nice to give back, and a used computer is a valuable tool for a family without the resources to buy one.
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