Feb 7, 2025 · In this article, we'll explore how you can maximize your tax write off for donations to Goodwill in 2025 and 2026.

Apr 9, 2022 · Firms that end up writing down significant amounts of goodwill are quick to point out that a goodwill impairment charge is non-cash, and so does not affect cash flows.

If you itemize deductions on your federal tax return, you may be entitled to claim a charitable deduction for your Goodwill donations. According to the Internal Revenue Service (IRS), a …

Apr 11, 2025 · The good news is you can absolutely deduct Goodwill donations, but there are some important things to know: First, you'll need to itemize deductions on Schedule A rather …

How much can you deduct for the gently used goods you donate to Goodwill? The IRS allows you to deduct fair market value for gently-used items. The quality of the item when new and its age …

FASB now requires a write down of goodwill for any impairment. On the other hand, the Internal Revenue Code, Section 197, requires the systematic amortization of goodwill on a straight-line …

Apr 9, 2025 · A tax write off for donations to Goodwill can help you save during tax time. Learn how to value items and properly document donations.

Apr 9, 2025 · Everything you need to know about claiming tax deductions for your donations: who to donate to, how much you can write off, and how the rules have changed.

Aug 12, 2025 · If you itemize deductions on your federal tax return, you may be entitled to claim a charitable deduction for your Goodwill donations. According to the Internal Revenue Service …

Aug 12, 2025 · Industry & Real-World Examples: How goodwill plays out in industries like tech, retail, and services – with real examples of major goodwill write-downs (and what triggered them).