Holiday Decluttering for Taxes

December 14, 2012

Prevent kinds of identity theft by cleaningDecluttering before the end of the year is a great idea, whether it’s to just get your life in better order for the New Year or to enjoy tax deductions for donating the things you don’t use anymore. If you’re not sure how to best clean up and set things aside for donation, the Equifax Finance Blog has a handy guide to help you make the most of charitable donations before the end of the year in the article “

Tips for the Holiday Season: Decluttering and Donating.”

Like budgeting, decluttering is a process of removing what you don’t need to live happier and to control your space. Decluttering has the added bonus of reducing your risk of different

kinds of identity theft (through shredding and safely destroying documents containing sensitive info, which if left to pile up, could land in the hands of an identity thief). And lastly, you can enjoy a tax deduction for your charitable donations.

If you choose to donate items, be sure to donate them to an organization that will document your donation. For tax purposes, the donated items will need proof: proof that you donated the items along with the value of the donation. It’s also a good idea to take pictures of donated items in addition to getting a receipt from the charity at the time of donation.

To learn more about how to save money and avoid debt, check the treasure trove of expert articles on the Equifax Finance Blog.

Categories: Economy, Education, Featured

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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