A new app for Apple’s iPhone relies on data from eBay to estimate the fair market value of goods donated to charity for charitable deductions.
The newly launched DonationApp from CharityDeductions.com lets taxpayers adjust for the condition of the items donated, keeps a tally of all donations, and prints out a detailed list of donated items. Users can attach a photo of their donations using the camera built into the iPhone, keep a running total of their estimated tax savings, and email reports in PDF format to their accountants or use with their tax software. The company plans to release an Android version of the app in the near future.
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