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Track Your Donations with ItsDeductible Online

Updated: 11/11/2008
Article ID: 731

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 donations to TurboTax Deluxe, Premier, or Home & Business to maximize your deductions while complying with IRS guidelines.

Note: We've discontinued the desktop versions of ItsDeductible starting with tax year 2007. With our online-only version, you no longer need to install a new version of ItsDeductible every year and keep it updated.
 

Why track your donations with ItsDeductible Online?

ItsDeductible helps save you money. If you're like most taxpayers, you have no idea how much donated clothes, sporting goods, and furniture are really worth. You are more interested in getting rid of items than in calculating their values. What you might not realize is that the IRS allows you to deduct the fair market value of those donated items, as long as they are in good condition or better.

Studies have shown that most people greatly undervalue their donations when contributing non-cash items. As a result, these people often overpay their taxes by hundreds of dollars each year. ItsDeductible's patent-pending valuation process can save the average donor hundreds of dollars per year in taxes!

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 values to help you meet IRS guidelines and get the largest possible write-off.

Get started now!

Visit www.itsdeductibleonline.com to create your free account and get started with tracking your charitable donations. 

Later, you can import your donations to TurboTax Deluxe, Premier, or Home & Business to maximize your deductions.


 

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