Properly valuing your donated clothing and household items has become more important these days. If you ever get audited, there is a good chance that the IRS will use the new “good or better” standard as a way to greatly reduce the deduction they will ultimately allow you to claim.
To help you put a value on the donated goods, we recommend that you use UDoGood, a new App for the iPhone and iPod touch now available on the App Store.
UDoGood is an easy (and fun) App for the iPhone and iPod touch that helps you document, photograph and record your charitable donations of clothing and household goods. UDoGood includes suggestions to help you determine the fair market value of your donations. If you have an iPhone, UDoGood also lets you take photos of your donations to provide a visual record of your contributions. Plus, with UDoGood, you can e-mail your list of donated goods to your tax preparer or to yourself.
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