Donating quilts
#13
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Ok, here is my opinion. Making and donating quilts has absolutely nothing to do with the IRS. I make these darling quilts and give them from my heart. But from now on, I will take pictures and record how much the fabric and batting costs and put it down as charity for my income tax. I have no respect for the IRS, due to some behavior on their part, and I plan on helping myself at tax time.
#15
Super Member
Join Date: Aug 2013
Location: Florida
Posts: 5,946
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Only from the heart. My Guild does put a monetary value on any that go thru there and uses it to help with the non-profit status. But for the most part, I just hang onto them once they are completed and when something comes up that I wish to donate to, I turn one in. Recently there was a children's organization in the area that showed their office and quilts were hanging everywhere and over the furniture. They let kids choose what they want, even off the wall. I love that idea and they will get my next one.
#17
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In order to take as a tax deduction, you need to itemize. Unless you have a large amount of charitable contributions, medical expenses, mortgage interest, or other deductions, you probably won't be filing a Schedule A, itemized deductions.
#18
Super Member
Join Date: Aug 2013
Posts: 9,299
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I can’t even keep track of some of the fabric I’ve bought to make donation quilts with, let alone the receipts. Besides, my quilts are usually scrappy, with some fabric having been storebought, some having been given to me or won, so there’s no way I could prove my costs even If I wanted to.
#20
Super Member
Join Date: Jul 2013
Location: Houston, TX
Posts: 9,663
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Ok, here is my opinion. Making and donating quilts has absolutely nothing to do with the IRS. I make these darling quilts and give them from my heart. But from now on, I will take pictures and record how much the fabric and batting costs and put it down as charity for my income tax. I have no respect for the IRS, due to some behavior on their part, and I plan on helping myself at tax time.
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03-06-2013 02:20 PM