Giving away your surplus possessions to a registered charity has no downside. You eliminate the cost of moving objects you do not use, and you get to help people in need. If you itemize your income taxes, you benefit from a substantial tax credit.
CHARITIES
A number of charities have branches all over the U.S. They accept clothing, furniture, household items, and working computer equipment. Check out
the Salvation Army or
Goodwill. They may even pick up your donations.
NEW YORK CITY DONATIONS
Some charities in New York City:
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Housing Works provides housing and assistance for people with AIDS.
•
Dress for Success and
Career Gear accept business clothing as donations. They provide people with
interview attire and career counseling.
Search the web to find local charities, like churches and synagogues, which benefit other worthy causes.
TAX-SMART
Make sure you ask the charity for a receipt. To claim a tax credit for the fair market value of goods donated, you will need to produce documentation.