Donation Receipts at Deseret Industries: What Are They, and Why Do They Matter?
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Most of us have had a box filled with items to donate sitting in our house or car trunk for a while before we finally get around to dropping it off at our local thrift store. But what may seem like just a box of items that you don’t need or want anymore may actually be a tax deduction and a host of other good things.
So, how do you get a tax deduction by donating? And how is donating to Deseret Industries different than donating to other thrift stores?
How Does Donating to DI Qualify Me for a Tax Deduction?
When you do your taxes, you can choose to itemize your deductions. What you donate to a non-profit charitable organization like Deseret Industries qualifies as a charitable contribution. As such, those donations potentially turn into a deduction when you report them.
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Why Do I Need a Donation Receipt?
Because the IRS needs proof of your donation, they need information about the charity that you donated to. You can obtain a donation receipt from a DI associate when you drop off your donations. You can use the donation receipt as proof of your charitable contributions if you choose to itemize. Don't forget to list your donated items in the space provided on the receipt.
How is Donating to DI a Good Way to Support My Community?
Donating to Deseret Industries is about more than tax deductions. DI's mission supports the community in several ways.
DI accomplishes its mission in four main ways:
Providing job training to help associates create better lives for themselves by teaching them essential workplace skills.
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The program supports over 10,000 associates every year to work to become more self-reliant and job ready.
Offering quality, low-cost goods to the community.
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Offers customers the ability to purchase items at lower prices.
Supporting humanitarian aid by distributing donations and new items to those in need.
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Many of the items donated to the stores find their way to the Humanitarian Center where they are sorted and packaged to be distributed for various humanitarian causes.
Reducing waste by providing new purposes for used goods through its recycling program.
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DI makes every effort to repurpose or recycle as much as possible. Last year, DI recycled more than 75 million pounds of items and kept them out of landfills.
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How Is My Donation at DI More Than Just a Tax Deduction?
When you drop off your donation box at Deseret Industries and receive your donation receipt, you aren’t just getting a potential tax deduction. Donating to Deseret Industries is an investment in your community. It gives people a chance to become self-reliant while also helping the environment. Your donation receipt is a small thank you for doing a lot of good.
Visit your local Deseret Industries today to donate gently used items.
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