Valuation of books under normal circumstances, the irs allows you to deduct the fair market value of your donated books. As well as being personally rewarding, making a donation to charity can be financially advantageous at tax time.
Are Donated Books Tax Deductible, Tax deductible donations can reduce taxable income. However, there are some stipulations and reporting requirements. A charitable donation is a contribution of cash or property made to an organization on the internal revenue service’s tax exempt organization list in which you get no goods or services in return.
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