Track Your Donations with ItsDeductible Online
If you're like most people, you donate household items and cash to charity. Track these charitable donations – for free – through ItsDeductible Online.
Then, import your ItsDeductible donations to TurboTax Deluxe, Premier, or Home & Business to maximize your deductions while complying with IRS guidelines.
Why should I use ItsDeductible?
If you itemize, ItsDeductible can help you save tax dollars.
You probably have no idea how much your donated clothes, sporting goods, furniture, and toys are really worth. Like most people, you're probably more interested in getting rid of unwanted "stuff" than calculating each item's value.
What you might not know is that the IRS allows you to deduct the fair market value of those donated items, as long as they are in good or better condition.
Studies have shown that taxpayers tend to undervalue their donations – by a lot! As a result, they pay more taxes than they need to. ItsDeductible's patent-pending valuation process can save the average donor hundreds of dollars per year in taxes!
How does ItsDeductible calculate item values?
ItsDeductible values items based on fair market value.
To determine fair market values, ItsDeductible gathers pricing information from auction Web sites (such as eBay), as well as resale outlets and thrift stores across the U.S. We capture millions of transactions each week.
Then, using Intelligent Indexing™ technology, we compile and analyze this information to determine fair market values.
The result is a comprehensive collection of real-life values to help you meet IRS guidelines and get the largest possible write-off.