If you use a password manager, logging in can be even faster, as credentials can be auto-filled securely. When accessing your account from a public or shared device, enter your login details manually and avoid saving them. Multi-factor authentication (MFA) may be required, adding an extra layer of security by sending a verification code via email or text.
There’s a nifty online toolbar that you can download and use with Internet Explorer. This allows you to simply add in a donation whenever you want without even going to the website. However, if you prefer to do it all at tax time, that’s an option too as ItsDeductible is included in TurboTax Deluxe and above. The TurboTax community is where you can ask questions and get tips relevant to the software.
The good news is there may be a silver lining in the way of non-cash charitable donations. This is actually a win-win for you if you itemize on your taxes, making you eligible for a deduction, saving you money. And, even better, you can feel good knowing you donated your valuable items to a worthy charity. Surprisingly, most people underestimate the value of their donations, missing out on savings in the way of deductions at tax time. To the rescue is a great free online tool I’ve used to help answer the question of how much is my “stuff” worth. At tax time, you may be looking for help deducting your charitable contributions on your tax return in order to lower your taxable income and reduce your tax bill.
- There is a built-in version of ItsDeductible in the desktop software (Deluxe and higher) that one can use at the time of preparing one’s return to value the donated items.
- Consider regularly updating your donation records throughout the year rather than waiting until tax season.
- That’s great because if you’re like me, you don’t have a clue as to how to value those items.
- Certain discount offers may not be valid for mobile in-app purchases and may be available only for a limited period of time.
- However, you may be able to claim a limited deduction for cash donations made in 2021.
If you suspect an incorrect password, use the “Forgot Password” option to request a reset link. If it’s still missing, add Intuit’s support email to your contacts and try again. I have been sent three times in a circle, and still do not have an answer to my question, nor have I received the personal phone call that I was promised over 30 minutes ago.
All content is fact-checked for accuracy, timeliness and relevance. You can learn more about NerdWallet’s high standards for journalism by reading our editorial guidelines. The first 2 methods I provided tell you how you can use the «jump to» link to import from ItsDeductible. The other two methods show alternative ways if you are having trouble with «jump to.» Another great feature is that ItsDeductible reminds you to take a mileage write-off for all the traveling you did to help your charities. If you donate its deductible online time by traveling to see patients for free, this will at least help you get the tax write-off for your mileage.
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If you don’t know the value of the items you donated, the site helps you find those values. The site keeps track of all the donations you made throughout the year. When you prepare your taxes, you can print out a report or you can upload the information to Turbo Tax and the charitable deductions will be automatically updated as you prepare your annual tax return. This app has been discontinued by Intuit as it was used by a small group of users and did not meet Intuit’s standards for their brand experience.
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Visit ItsDeductible.com and enter your registered email and password. Because the platform is integrated with Intuit, you can use the same credentials as TurboTax or other Intuit services, eliminating the need for multiple logins. Easily track and manage your charitable deductions with ItsDeductible.com. Learn how to set up, log in, and organize contributions for tax season.
How to Access the ItsDeductible Login Page
All features, services, support, prices, offers, terms and conditions are subject to change without notice. If you donate lots of non-financial items, this is a great tool – even if you don’t use Turbo Tax. If you are really crafty, you might even consider using this software to launch your own business and run these reports for others who aren’t as savvy as you. Close all TurboTax windows on your web browser (including this one). Copy and paste the account recovery website link onto a new web browser window and run the tool.
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- It might be only part of an email address, or it can be anything at all.
- Save tax deduction-related digital images and receipts on a drive and store it with your yearly tax documents along with reports printed from ItsDeductible.
- According to the IRS, a charitable contribution is a voluntary gift made to a qualified organization, without anything of value expected in return.
- With all of your donations in one place, you’ll be able to import everything straight into TurboTax when you’re ready.
So, I take on the daunting task of facing the tough questions…do I really need this, when was the last time I used/wore this…and really, I’m not getting back into my “skinny jeans” any time soon. What you might not know is that the IRS allows you to deduct the fair market value of those donated items, as long as they are in good or better condition, and that’s where ItsDeductible comes in. You probably have no idea how much your donated items are really worth. Like most people, you just want to get rid of all that unwanted stuff taking up space.
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Reviewing donation summaries periodically ensures accuracy before tax filing. ItsDeductible.com compiles all logged contributions into an organized summary, allowing users to verify amounts, dates, and recipient organizations. This is particularly helpful for frequent donors, as small errors or missing entries can affect the total deduction claimed.
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It accomplishes that by telling you if your total charitable deductions are in line with people in your tax bracket. It’s also pretty cool that you can update your donations anytime throughout the year. And of course I love the fact that you can upload your data right into your tax software. Creating an account on ItsDeductible.com is the first step in efficiently tracking donations. Since the platform handles financial data, choose a strong password with a mix of letters, numbers, and symbols. TurboTax ItsDeductible is easy to navigate, with intuitive links and drop-down selection lists.
Itemized Deductions vs. Standard Deductions
Answers and tips are provided by other ItsDeductible users and specialists. If you have an ItsDeductible account and one of TurboTax’s software programs, you can import your deductions and generate IRS Form 8283, Non-Cash Charitable Contributions. According to the IRS, a charitable contribution is a voluntary gift made to a qualified organization, without anything of value expected in return. If you’re not sure whether the organization you donated to is a qualified one, you can ask, or you can look it up using the Tax Exempt Organization Search (TEOS) tool on the IRS website. Your contributions generally can’t be more than 60% of your adjusted gross income (AGI), although exceptions may apply. We examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners.
Investments in securities are Not FDIC insured, Not Bank Guaranteed, and May Lose Value. Before investing, consider your investment objectives and the fees and expenses charged. Custodial and clearing services used by Atomic Brokerage can be found on its BrokerCheck report. NerdWallet’s top picks for Medigap Plan G in 2025 include AARP / UnitedHealthcare, Mutual of Omaha, Cigna and Anthem. To log into your ItsDeductible account, start by navigating to the official website at itsdeductible.com.
Keeping records organized throughout the year prevents last-minute stress during tax season. “ItsDeductible” is an online software package that’s free and pretty useful. Tax deductions are great for everyone, especially if you are self-employed. That goes for people who want to retire now or who are retired already. ItsDeductible helps you track the charitable donations you made throughout the year. Exporting deduction summaries into tax preparation software like TurboTax simplifies the filing process.
