Is the ItsDeductible App Available for Android and Other Devices?

Keeping track of charitable donations can be challenging, especially during tax season. ItsDeductible simplifies this process by helping users organize and estimate the value of their contributions throughout the year.

Purpose of the App

ItsDeductible helps users track and value charitable contributions to maximize tax deductions. The IRS allows taxpayers who itemize deductions to claim the fair market value of donated goods, but determining this value can be difficult. The app provides pre-determined estimates based on IRS guidelines and market data, reducing the risk of misreporting donations.

Donations are categorized into clothing, household items, and financial contributions, aligning with IRS Form 8283, required for non-cash donations over $500. Maintaining organized records ensures users can substantiate deductions if audited, as the IRS requires detailed documentation for charitable contributions.

The app integrates with TurboTax, allowing users to import donation data directly when filing taxes, eliminating manual entry errors and ensuring consistency. It also helps users stay within IRS limits, such as the 60% adjusted gross income (AGI) cap for cash donations to public charities, preventing disallowed deductions.

Setting Up an Account

Users create an account with basic personal information, including name, email, and a secure password. Since ItsDeductible is linked to Intuit, existing TurboTax or QuickBooks users can log in with the same credentials, keeping tax-related data within the same system.

After logging in, users configure their tax filing status and indicate whether they plan to itemize deductions, allowing the app to tailor its features accordingly. Reminders can be enabled to log donations throughout the year, preventing last-minute record-keeping.

Users can input their home state to account for any state-specific tax rules that may impact deductions. While federal tax laws govern charitable contributions, some states offer additional incentives or limitations.

Recording Donations

Accurate documentation of charitable contributions ensures deductions hold up under IRS scrutiny. ItsDeductible allows users to log donations in real time, reducing the risk of lost receipts or forgotten contributions. Users enter details such as the donation date, recipient organization, and a description of the items or cash given.

For non-cash donations, the app includes a database of commonly donated goods with fair market value estimates based on IRS guidelines and resale data. Cash donations made via check, credit card, or payroll deductions are also recorded. The IRS requires a bank record or written acknowledgment from the charity for any single donation of $250 or more, and ItsDeductible helps track contributions that may need additional documentation.

If non-cash donations exceed $500, the app prepares the necessary details for IRS Form 8283. Users can store photographic evidence and digital receipts for extra documentation in case of an audit. For high-value donations, the IRS may require an independent appraisal for items worth over $5,000. The app’s year-end reports consolidate all contributions in one place, simplifying tax filing.

Access on Different Devices

ItsDeductible was initially developed as a web-based platform, accessible on any desktop or laptop with an internet connection. The web interface is optimized for managing multiple donations throughout the year, allowing for easier navigation and batch entry.

For mobile users, an iOS app is available, providing a convenient way to log donations on the go. The mobile version syncs with the web platform, ensuring contributions entered from a phone are reflected in the desktop interface. The app’s barcode scanning feature simplifies data entry by quickly identifying and categorizing donated items.

Currently, there is no Android version of ItsDeductible, limiting mobile access for those without Apple devices. However, Android users can still access the web-based platform through a mobile browser.

Security Features

Since ItsDeductible handles financial data that integrates with tax filings, it employs multiple security measures to protect user information. Data transmitted between devices and Intuit’s servers is encrypted using TLS (Transport Layer Security), preventing unauthorized access.

The platform incorporates multi-factor authentication (MFA), requiring users to verify their identity through a secondary method, such as a one-time code sent via email or SMS. This adds an extra layer of security, reducing the risk of unauthorized logins. Additionally, Intuit monitors for suspicious activity, alerting users to unusual login attempts or account changes.