Tax Deduction Computer Donation



Computer Donation IRS Tax Deduction Rules

Internal Revenue Service Rules for Donating Computer Equipment
 

Computer with Causes accepts a wide variety of computer equipment and will place useful equipment through the multitude of educational environments and charitable causes we support throughout the United States and abroad.

What are the tax benefits for donations by individuals?
For individuals, the charitable deduction for contributions of technology equals the fair market value (retail used value in the current market place) of the donated property. The donation is tax deductible for the year in which our organization receives the equipment. Shipping costs are also tax deductible under applicable rules and regulations.

What are the tax benefits to corporate donors?
The IRS code provides for a tax deduction for property donated to a charitable organization such as Computers with Causes under applicable rules and regulations. For Corporate donors, tax deductions are usually limited to the amount of the donor's tax basis in the property contributed (Exceptions may apply, consult your tax advisor).
The donation letter provided to you by Computers with Causes will reflect the year in which our organization receives the equipment. Warehousing and shipping costs are also tax deductible under applicable rules and regulations.

What are the special benefits to corporate Donors for donations of inventory?
Under IRS Section 170(e)(3), corporations that donate inventory (i.e. Property sold in the normal course of business) to certain charitable organizations, may receive an additional tax benefit. Section 170(e)(3) provides a deduction for corporate contributions of inventory as much as twice the donor's adjusted basis in the property.

The charitable deduction for contributions of inventory (from a C corporation) will be the total of the donor's tax basis in the donated inventory plus one-half of the difference between the inventory tax basis and its fair market value. This is limited to 200% of the inventory tax basis plus any incidental costs (i.e., shipping, warehousing) associated with donating the inventory. If the fair market value of inventory is less than the donor's tax basis in the
donated inventory then the charitable deduction should be equal to the fair market value.

Consult your tax advisor for consideration of this option.

A list of common donated items might include: PC Desktop Systems, PC Laptop Systems, CD or DVD ROM Drives, Copy Machines, CPU (Partial Systems, Digital Cameras, Docking Stations, Pen/Drawing Tablets, Fax Machines, Flatbed Scanners, Floppy Disk Drives, Handheld Scanners, Hard Disk Drives, Keyboards, Modems, Monitors (LCD and CRT), Mouse's, Network Devices, Network Interface Cards, Plotters, Printers, Software and software licenses, Sound Cards, Tape Backup Drives, Video Cards, and Zip Drives.

What are Computers with Causes minimum requirements?
Pentium IV & Higher CPUs (486 & Pentium No Longer Accepted). Alternative CPUs accepted if Pentium IV equivalent or better. Hardware needing repair is considered on a case-by-case basis where repair capabilities are available.

I'm not a Corporate donor, can I still help?
Yes! In fact, individual donors like you are what allow us to help so many people all over the country. Computers with Causes is part of the Works of Life charitable organization and provides tax deductions based on fair market value for individual donors as well as large companies. Shipping costs are also tax deductible under applicable rules and regulations.

 

Donate Computer Tax Deduction

Computers with Causes...

Anyone can easily make a Computer Donation and those who are interested in donating their computer should contact Computers with Causes to take advantage of our Computer Donation program. Our professional staff will be more than happy to help guide you through the steps of donating your Computer. Contact us today!
Donate Computer.

 

Computer Donations

Click here for easy to understand and useful information regarding your computer donation with our charity.

Computer Donation Tax Deduction

Donate a Computer and write it off on your taxes! Business donors can deduct the un-depreciated value of the computer, and individuals can deduct the current market value of a computer.

 

 

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