Cell Phone Donation Information Columbia TN
Spring Hill, TN
Estate & Financial Strategies Inc
Years of Experience: 16
Invoice, Estate Planning, Portfolio Management, personal Coach, Retirement Planning, Tax Planning, Seminars Work, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Charitable Planning, Charitable Foundations, Asset Protection, LiabCover
Cody Financial Solutions
Education: B.B.A., Business Administration, Belmont University. Life Underwriter Training Council Fellow and Financial Services Specialist, The American College.
Years of Experience: 8
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Family Offices, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Education Plan, Healthcare Accounts, Charitable Foundations, BuySell, Compensation Plans
Soddy Daisy, TN
Title: Financial Advisor / Agent
Company: Mountain Wealth Management
Registered Investor: Yes
BS Business Administration University of Tennessee
Years Experience: 25
Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Hourly Financial Planning Engagements,Alternative Investments,Disability Insurance,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strat
Financial Planning Center, LLP
Education: Hopkinsville High School, American College
Years of Experience: 29
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Charitable Planning, Asset Protection, BuySell, Compensation Plans
Cell Phone Donation Information
Whether you've picked up something new or just have an old cell phone, do you know you can donate it? Here's a primer on getting a tax deduction when you donate a phone.
There are currently well over 100 million cell phones in the United States. Millions of them are sitting in desks and closets, having been replaced by newer versions. Cell phones contain materials that are very toxic when they degrade, which is leading to an environmental problem. Many people know this, but aren't sure what to do with old cell phones. Well, you can donate a phone.
If you want a tax deduction when you donate a phone, you must donate it to a charitable organization. Legitimate charities are designated as 501(c)(3) organizations with the IRS, and will say as much in their paperwork. Most charities will accept just about anything if it can be converted into cash. You phone counts as such a thing.
When you donate a phone to a qualified charity, you can take a deduction. Generally, the deduction is the amount you paid for the phone reduced by 20 percent for each year of use. This is a general rule of thumb, so check with your tax professional to see if the IRS has issued any new guidelines. As always, make sure you get a receipt for the donation.
Before you charge ahead with your donation, make absolutely sure you've erased your data from the phone. Most manufacturers provide information on how to do this for particular models. Don't worry, it isn't difficult.
When you do...