I have done my own taxes for two years now and it's been a painless process. I did, however, make the mistake last year of claiming too many allowances and ended up owing a couple hundred bucks from those larger paychecks. I also moved, and although I was able to sell everything I was looking to get rid of I was wondering about the process of donating those items to Goodwill or Salvation Army and getting a receipt to apply to my taxes instead.

Is it worth it to keep those receipts hanging around until next tax season? If you don't have a balance, are they rewarded to you as a credit? I really have no knowledge on this subject and could use some insight! Thanks!

Emily Roberts is an ice-cream aficionado and advertising account manager for the verticals of financial tech and consumer finance at The Penny Hoarder. She has never had a credit card or a TV. 

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