Charity.
A few years ago, Kelly and I started donating to Goodwill on a regular basis. For a while, we didn’t keep records of what we gave, but then we decided to start claiming that stuff on our taxes (especially when we were going to owe!). We just keep tick marks of each piece that we donate, and then use a donation valuation guide to tally it all up at year-end. A note on the valuation guides: Goodwill nor the Salvation Army have an “official” guide, so use discretion. Imagine explaining claiming $6 for a ripped Def Leppard t-shirt to an IRS auditor. Each few months, we end up donating a couple of trashbags full of ill-fitting clothing and stuff that we never use. In the end, we cut our tax bill down considerably, and the Goodwill benefitted.
Kelly’s family also adopts Angel Tree children instead of exchanging gifts. Again, tax-deductible and much better than having to hem and haw over what horrifying sweater to get your gram! I helped out one year, and was given charge of a 13 year old kid and proceeded to kick out the Christmas present JAMS (literally!) It was a lot of fun.
Finally, the venerable Hunter Dixon for the last few years has been flexing his B&N muscle and buying a bunch of books for children with donations from friends. With the employee discount, he can purchase just tons of books for kids. It’s great! And to top it all off — he donated his poker winnings for December to the cause, thereby making this year the most bookalicious for needy kids. In the end this year, the official final tally was $360, allowing us to purchase 103 books. Dang. That’s awesome.
Hoo-ray for charity!
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