Tax Deductions From Garage Sales



Donate unsold garage sale items for a tax deduction.

When having a garage sale it is a good idea to have a charity in mind that one can donate any unsold items to. Never bring the unsold items back into the house or garage.

Determine how much each item is worth. Statistics show that most garage sale donors do not put a high enough value on the items they donate. Do not value the item at the price it would have sold for at the garage sale. In some cases, the value may be as much as 10 times more than the garage sale price.

For more information on pricing items for garage sales visit:

Author: Marilyn Pokorney
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