Most people don't place a high enough value non-cash donations to charity and could be getting a higher deduction against income taxes. The tax deduction tracking software listed here uses IRS-approved methods for finding the largest deduction for charitable contributions while it keeps records organized.
Are You Undervaluing Charitable Donations?
Did you make a list of your items before donating them to charity? Good! Now, how much are they worth to you as an income tax deduction? Did you know the miles driven between your home and the charitable donation center are tax deductible as well?
The IRS Says Take the Highest Tax Deduction
IRS Publications 526 - Charitable Contributions and 561 - Determining the Value of Donated Property both indicate that taxpayers are entitled to tax deductions worth the fair market value of donations to qualifying charities.
Another advantage this software offers: use it throughout the year to record donations and other tax deductible expenses, and you're organized when it's time to prepare income taxes.
H&R Block DeductionPro
H&R Block DeductionPro for Windows tracks donations to charity, find noncash donation values, and tracks medical expenses. Data imports into H&R Block At Home tax preparation software. DeductionPro prints out checklists of items and values, and is included with the tax software.
CharityDeductions.com offers TaxPro Partnership Program to tax professionals, with a free account to for tracking clients’ charitable deduction reports online.