smart spending

4 ways to get cash for your junk

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Give it away

You can also generate cash indirectly by giving your stuff away. "What you get from donating, besides good graces, is a tax write-off," says Frank.

Make sure you're donating to a registered nonprofit -- ask for verification if you're not going with a big-name charity such as Goodwill -- and get a receipt. When tax time rolls around, file a Form 1040 and itemize your deductions on Schedule A.


 

 

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