Is it more benefit to have a garage sale or take a tax deduction?
I've wondered this. In the past, when in need of cash, I've held garage/yard sales, but donating and taking a tax deduction always helps at tax time. Which do you think is more beneficial?
You may need to have a garage sale to pay your taxes. I owe $288, first time in a long time that I've had to pay. I'm going to contribute to my 401k again, and buy more stocks. I think if your garage sale items exceed a certain level if makes better sense to take the deduction. Are you selling a vacuum cleaner? I need one...
They're both "beneficial," in terms of giving you cash......the sales generate immediate cash while the deductions come later. I do both....as in have sales and also make donations throughout the year!!
by ezgoin 7 years ago
Child support payments should be a tax deduction if my ex doesnt have a job and she lives off my $$I gross $4000.00, I pay $1800 a month on childsupport/ alimony, I have no tax credits so I have to pay $6000 to $10,000 every year back to the IRS. I make monthly payments of $500 to them. I have to...
by daisynicolas 6 years ago
Would you vote to include pet expenses such as vet bills as a tax deduction, especially for singles?It's tax time. As a pet owner who spends as much to support a pet like a human parent does, don't you think that vet bills, care, education, etc., should also be deducted especially for...
by Ken R. Abell 8 years ago
Have you ever earned enough cash from a garage sale to pay a bill or two?
by Brian Slater 6 years ago
Do you have any tips for having a garage sale?
by WheelerWife 3 years ago
What is the best bargain or treasure you have found at a garage sale?
by Marylou1 8 years ago
What is Federal S-2 Tax Deduction?This deduction has been in effect on my friend's paycheck. What is it for?
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