If one of your New Year’s resolutions is to simplify and de clutter your life, now is the time to get going. You can make money by donating all those things you no longer need or want in your life.
There are many charitable organizations that accept items other than cash such as clothing, books, electronics and other household items. The deduction is limited to the item’s fair market value, and the items must be in good condition or better to be deductible. If the value of the noncash items is more than $500, then you must file Form 8283, Noncash Charitable Contributions, and fill it in with some details. But it is well worth the effort.
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