Hacker News new | ask | show | jobs
by gohrt 4746 days ago
You can write off Goodwill donations for tax deductions
1 comments

Sure, but that's not Goodwill giving you straight cash - the point being that any given box typically does not contain $10+ worth of stuff.
No, it's the government (or more specifically, taxpayers [today's or tomorrow's]) giving straight cash. It's also the only reason Goodwill exists.
70% of tax filers don't itemize and cannot take deductions. http://www.taxpolicycenter.org/publications/url.cfm?ID=10014...
And I'd guess that those 30% are disproportionally represented.