Computers For Kids, Ltd

Tax Benefits

Computers for Kids, Ltd. is a nonprofit corporation formed in the state of New York. The Internal Revenue Service has given the corporation 501(c) 3 status. This status entitles individuals and entities to deduct contributions made to this charity.
Deduction amounts are based on fair market value. The IRS accepts E Bay listings as fair market value. Make sure you itemize all hardware and software [which retains value better that hardware]. If you added any hardware to you system please add this to the value of the system. Your transportation costs to bring the computer to the charity are also deductible. Consult your tax professional for the exactly how your donation will effect your tax return.

You and your tax professional may find the following IRS publications useful:

Links

IRS 526: http://www.irs.gov/pub/irs-pdf/p526.pdf

IRS 561: http://www.irs.gov/pub/irs-pdf/p561.pdf

Form 8283: http://www.irs.gov/pub/irs-pdf/f8283.pdf

These publications require the free Adobe reader

http://get.adobe.com/reader/

Attach to your tax return if you claimed a total deduction of over $500 for all contributed property.
Computers for Kids, Ltd. will mail you an itemized raised seal letter as proof of your donation.  You will receive this letter within ten business days. Your tax professional will request this letter prior to filing your return.