1. maria wants to donate all her old clothes to charity. the clothes are worth $500. she has decided to take…

1. maria wants to donate all her old clothes to charity. the clothes are worth $500. she has decided to take a tax - deduction. how much of tax deduction can she take if she makes $40,000 a year? $300 $500 $0 $200

1. maria wants to donate all her old clothes to charity. the clothes are worth $500. she has decided to take a tax - deduction. how much of tax deduction can she take if she makes $40,000 a year? $300 $500 $0 $200

Answer

Explanation:

Step1: Understand tax - deduction rules

In general, for non - cash charitable donations like donating old clothes, if the fair - market value of the donated items is $500 or less, the taxpayer can deduct the fair - market value of the donated items. Here, the clothes are worth $500.

Step2: Determine the deduction amount

Since the clothes are worth $500 and meet the non - cash donation criteria for deduction, the tax deduction amount is equal to the value of the clothes.

Answer:

$500