- Platform: Windows NT / 98 / 2000 / Me / XP / 95
- Media: CD-ROM
- Item Quantity: 1
System Requirements
Product Details
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Product Description
From the Manufacturer
If you donate clothing, toys, or other items to charity and want to get the biggest deduction possible, don't just guess what your donations are worth . Use ItsDeductible to accurately value your donations in compliance with IRS g uidelines and maximize your tax savings. Its your own Blue Book for donated ite ms.
Before you guess the value of your donated items... see the difference with Its Deductible!
ItsDeductible includes values for thousands of commonly donated items based on extensive research of resale outlets as well as recent market data from eBay.
Simply enter your donated items, and ItsDeductible software will provide the ac curate value based on item condition and type.
Whether you donate a little or a lot, use this electronic Blue Book to save mor e on taxes!
More Ways to Save Money
- Assign accurate values: access thousands of values for the items you donate to charity, including consumer electronic items such as audio equipment, compu ters, cameras, and more.
- Works for all charitable contributions: conveniently track and manage many other donations, including cash, mileage, stock, and other non-reimbursed expen ses.
- $500 deduction guarantee: if your charitable deduction does not total $500 or more after using ItsDeductible, you can return your product for a full refun d of your purchase price (excluding shipping and handling).
- Find values instantly: simply type in the name of your item and our powerfu l search tool provides the value based on condition and style.
- Instantly transfer into TurboTax: with a click of a button, you can instant ly transfer your donation information into your 2004 TurboTax personal return*.
- Auto-fills donation tax form: with a click of a button, you can automatical ly prepare IRS Tax Form 8283, which is required when your total noncash charita ble deduction is over $500.
- Works for multiple users: Multiple tax returns under one roof? No problem. With ItsDeductible, you can accurately value donations for multiple tax returns .
- Easily access IRS publications: Want to see precisely what the IRS has to s ay about charitable donations? In a single click, easily view IRS publications 526 Charitable Contributions and 561 Determining the Value of Donated Property.
- Prints reports and receipts: ItsDeductible puts everything you need on the right form and makes it easy to substantiate your deductions with donation rece ipts and reports.
- Attach digital photos: The IRS recommends that you keep pictures of your do nations. ItsDeductible software makes it easy by attaching digital photos to yo ur donation records.
Product Description
Use ItsDeductible — the Blue Book for Donated Items — to assign accurate values to your donations, so you can take the biggest possible deduction in compliance with IRS guidelines. ItsDeductible includes values for thousands of commonly donated items based on extensive research of resale outlets as well as recent market data from eBay. Simply enter your donated items, and ItsDeductible software will provide the accurate value based on item condition and type. Whether you donate a little or a lot, use this electronic Blue Book to save more on taxes!
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Customer Reviews
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Most Helpful Customer Reviews
19 of 19 people found the following review helpful:
3.0 out of 5 stars
Very useful for some donations, but slow and unwieldy ...,
By
This review is from: TurboTax ItsDeductible 2004 (CD-ROM)
THE GOOD: If you donate clothing or other physical items to charity, you will find this program indispensable when it comes to calculating IRS-friendly dollar values. Over the summer my wife gave eight bags of clothing to our local Goodwill. Using ItsDeductible 2004 and her detailed receipt, it took me a mere 20 minutes to come up with a value for the hundred plus items in her donation. Additionally ItsDeductible also prompts you for lesser known deductions, like the number of miles you had to drive to drop off your charitable goods (the IRS gives you $.14 per mile).
THE BAD: ItsDeductible's user interface is clunky and unwieldy for cash donations (in the future I will stick to just entering those into a spreadsheet). Also the application takes its dear sweet time to launch and seams to run slowly; more than once I was typing faster than the words were appearing in the application. THE UGLY: In my experience, tech support on this product is a joke. When I installed the program on my computer, it would not launch and instead gave a ten-digit error code. Looking that code up on the ItsDeductible website gave several possible solutions ... none of which worked. Eventually I called tech support, which was not easy as their hours are 6am to 3pm PST. After putting me on hold for twenty minutes, the tech finally told me that ItsDeductible would not launch if your computer's date format is set to anything other than M/D/YYYY. Arg! The application should have said that rather than give an unintelligible error code! Overall I would recommend ItsDeductible to anyone who has given clothes, books, or other non-cash items to charity. If your charitable donations are primarily cash, I would recommend using an old-fashioned spreadsheet rather than ItsDeductible due to its inherent flaws.
14 of 14 people found the following review helpful:
2.0 out of 5 stars
It's worse now than ever!,
By
This review is from: TurboTax ItsDeductible 2004 (CD-ROM)
Last year (2004), I used ItsDeductible for an entire year, keeping track of my donations of clothes, money, and other items. I was also able to use the software to keep track of my job-related expenses that are deductible (ie research expenses of a professor, job related journals, etc.) There was also a space to keep track of medical expenses. I loved it, and it saved me some money. I just received my new, *not* improved 2005 version, and suddenly, everything has changed. Basically, they made the software LESS useful. They have eliminated the medical expense and the professional expense sections, and now there is only the bare-bones charity donation record keeping. And even this has been drastically cut - many specific categories of clothing, for example, have been cut. Last year, I could be as specific as denim jeans or silk blouses - this year they are listed as "women's pants" and "women's shirts" with no variance in the price that they are "worth." Because of this, I am pretty skeptical that this would pass an audit, so I am now keeping extra records of these donations DESPITE buying the software. I suspect that the company could care less - what are the chances of an audit, anyway? It is probably cheaper for them to avoid refunds when consumers don't achieve the promised 500.00 savings than it is to fear the IRS audits, which are few and far between. Final word - rather than improved, this new version is worse. I could do just as well with a notebook and a quick check on ebay for values.
12 of 12 people found the following review helpful:
2.0 out of 5 stars
Too many items missing,
By WVIT Grad (WV) - See all my reviews
This review is from: TurboTax ItsDeductible 2004 (CD-ROM)
I just spent 1.5 hrs entering 80 items. Only half of my donated items were included in the ItsDeductible database. I had to manually enter the other half and estimate the value on my own.
Even with items such as clothes, I had to just pick an item from the database. It was rare that my donated item actually matched something in the database. This software is not the cure-all that Intuit says it is. I should've saved my money and entered all of my donations in a spreadsheet like I did in previous years.
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