Then, you can select a charity and enter the kind of item you donated, its quantity, and its value, whether high or medium. (Tax law changes in 2006 caused ItsDeductible to stop allowing entries for low-value goods.) To use ItsDeductible, you'll set up a free account and fill in some basic personal information such as your name, tax filing status, and approximate income. If you haven't made a significant amount of donations, work with a tax professional to determine if itemizing is the right move for you. In order to deduct charitable donations, you'll need to itemize your deductions.The software will find the fair market value for you so that your donations are accurately valued for your tax return. After setting up a free account, you can select the charity, item, quantity, and value.
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