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Charitable Tax Deductions Tracked with ItsDeductible

tax deductions charitable donations

You don’t want to forget any tax deductions. A big one that everyone remembers is charitable donations.

But how do you easily track all of those donations? You might have donated cash, stock, household items, or even driven your car to volunteer. All of these are prime tax deductions. And you don’t want to forget them.

That’s where ItsDeuctible can help.

Track tax deductions online

This is a FREE online service by TurboTax. It allows you to input all of your charitable donations throughout the year. And then it seamlessly imports into TurboTax at tax time. It easily tracks all different types of donations:

Cash – You can setup charities, and then input whenever you donate to them. Tell ItsDeductible how you made the payment, and it will keep track of the info for you. You can also setup recurring donations!

Stock – I don’t own any stock, so I haven’t tinkered with this feature yet. But I’m sure it works quite well, and it probably saves stock donation headaches.

Household items – This is an area where ItsDeductible really shines. When you donate used items to a charity, input them online. The program then tells you how much they’re worth! This ensures that you get the biggest tax deduction possible. Your used clothing is worth more than you think!

Mileage – Did you know that you can deduct miles driven to volunteer for a charity? ItsDeductible will keep track of these for you, and it automatically calculates the total amount you can deduct.

Input tax deductions all year

The key to really maximizing ItsDeductible is to input charitable donations as you make them. Don’t wait until April to try to remember every donation you made last year.

Since ItsDeductible is free and online, you have no excuse not to use it throughout the year. It will maximize your tax deductions and help save money at tax time. Isn’t that the name of the game?

Photo of hurricane Katrina donations by Schnittke

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8 Responses to “Charitable Tax Deductions Tracked with ItsDeductible”

  1. Tom Usher
    March 23rd, 2008

    Very fine. I should blog on this and link here as the source. Thank you.

    I too follow. Feel free.

    God bless.

    Tom Usher

  2. Tom Usher
    March 23rd, 2008

    I’m also impressed with your plugin that allows one to edit comments without any timeout. Would you care to share the plugin name?

  3. Andrew Flusche
    March 24th, 2008


    Thanks for the kind words, and I appreciate your great blog post!

    The comment edit plugin is AJAX Edit Comments.

  4. Tom Usher
    March 30th, 2008

    Hello Andrew,

    You’re welcome, and thank you for sharing the name of the plugin. I’m headed there now to take a look.

    God bless.

    Tom Usher

  5. eugene chuang garg
    August 16th, 2008

    Great info thanks, been googling for hours. Will bookmark this blog.

  6. D. Sawyer
    October 7th, 2008

    FYI – CharityDeductions.com provides the same service as Itsdeductible but is a better choice for people who use a CPA or tax professional to process their taxes rather than the TurboTax software.

  7. Andrew Flusche
    October 7th, 2008

    @D. Sawyer – Thanks for the tip. Very cool site!

  8. Site for computer file recovery…

    I have a new computer but I need to recover data from a crashed computer. How do I accomplish that???…

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