Tax Deductions

Aug 10, 2011
For Donors

When you list an item on WebThriftStore, you are pledging to donate the item to a charity. Upon notification that the item has been purchased, you agree to complete the donation by making it available for pickup or shipping it using the prepaid mailing label we provide.

Once the item has been delivered to a buyer, except in the case where you have selected the 'Return this item to me in the event of a buyer refund' option, your donation is complete and it is deductible to the extent allowed by law.

If the item may be returned to you, your donation is not complete until the refund period (30 days from purchase) has passed.

You are not receiving any goods or services in return for your donation.

Upon completion of your donation, an acknowledgment letter from the donee organization will be available from your WebThriftStore profile, and an email with a link to that letter will be sent to you. The letter will show the item description and date of donation/sale. The letter may also show the selling price of the item (this varies by charity). The price does not indicate that WebThriftStore or the charity has evaluated your item. You can use the letter to substantiate your donation for income tax deduction purposes.

Please note that items donated to a charity through WebThriftStore will be resold and will not be used for a purpose or function constituting the basis for that organization's exemption from income tax under section 501 or, in the case of a governmental unit, for exclusively public purposes.

If your total noncash donations in any year exceeds $500, to claim your full deduction, you will need to file an additional IRS form (Form 8283). Please consult your tax advisor about completing and filing the proper forms.

For Buyers

When you buy an item on WebThriftStore you are making a purchase and receiving a good or service. You are not making a charitable contribution and WebThriftStore does not provide any documentation that can be used to substantiate an income tax deduction.

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