|By Rachel Murray, Dayton Daily News, Ohio|
"People are looking for that last minute opportunity to make that donation and be able to take it off on their taxes for 2014," said
But not everyone can expect to see those donations turn into tax deductions, according to
"You are allowed to claim a tax deduction for donations if you itemize your deductions," Hochwalt said.
Only about half of the 51 percent of people who pay taxes itemize deductions, according to Hochwalt.
"You have to have more than
Those deductions can include medical expenses, state, local, and real estate taxes, mortgage interest points, mortgage insurance premium, charitable contributions and miscellaneous itemized deductions.
"So, it's more about the giving, and knowing that you are helping others," Hochwalt said.
"I'm planning on writing it off on my taxes, which I do itemize. I'm also getting some old things out of my house and it actualy goes to a good cause," Luckett said.
For taxpayers planning to itemize deductions, Goodwill offers a brochure which outlines the value of donated items, and receipts for items donated.
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