Joshua Becker’s recent post on ways minimalism can put money in your pocket inspired me to finally get out to the garage and attack my procrastination pile. One of the hardest things (for me) about decluttering is getting rid of the “stuff” in a way that does not make me feel guilty. Or makes me feel less guilty. I also want to make the most out of the time I put into acquiring and getting rid of the stuff, and the money I spent on it. I spent long hours last year curating my stuff for worthy groups like Hope Family Thrift Store and Austin Creative Reuse. I made a little money selling linens from my daughter’s wedding at Once Upon a Bride. I’ve also considered the local resale group on Facebook. But, the long and short of it is that Goodwill is closest to my house, and ItsDeductible the fastest way to get back a little money for my stuff (or at least pay less federal income tax).
ItsDeductible is an Intuit tool that I’ve used for years. I’ve dragged boxes of donations to the computer in the past, entering each item and quality to get an estimate of its fair market value. These days I use the mobile app, and today I sat out in the garage with phone in hand, doors open to the lovely springtime weather, quickly entering 258 items (ok, it took me 2 hours). My estimated tax savings: $600. I call that a good morning’s work. At tax time, we use the same login for TurboTax and ItsDeductible. Voila! Downloading the donations to TurboTax is a cinch.
How do you make the most of minimalism? Has it ever put money in your pocket?