February 15, 2008, Newsletter Issue #101: Computer Donation: Keep Records!

Tip of the Week

As with all donations, you will need appropriate documentation in order to claim a deduction on your taxes. Most school or nonprofit refurbishers can provide a tax receipt upon request. The tax laws pertaining to computer donation are covered in Section 170 of the Federal Income Tax Code, the New Millennium Classrooms Act, and the 21st Century Classrooms Act.

Business donors can deduct the un-depreciated value of the computer, and individuals can deduct the current market value of a computer. To determine the fair market value of a computer, refer to www.computereconomics.com. The refurbisher with whom you work should also be able to give you a fair estimate on your receipt.

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