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The U.S. Internal Revenue Service (IRS) requires donors to value their items. To help guide you, Goodwill Industries International has compiled a list providing price ranges for items commonly sold in Goodwill® stores.
Donation Value Guide – What is my Donation Worth? What is Tax Deductible? How much can you deduct for the gently used goods you donate to Goodwill? The IRS allows you to deduct fair market value for gently-used items. The quality of the item when new and its age must be considered.
2 sie 2024 · Determining Value of Donated Items. Clothing. Appliances. Electronics. Furniture and Household Items. Photo: The Good Brigade / Getty Images. If you receive a donation, it might be subject to the , but you won't have to pay that tax. The donor pays the gift tax, not the recipient of the gift.
Goodwill Donated Goods Value Guide. Clothing & Accessories. The U.S. Internal Revenue Service (IRS) requires donors to value their items. To help guide you, Goodwill Industries International has compiled a list providing price ranges for items commonly sold in Goodwill® stores.
Introduction. This publication is designed to help donors and appraisers determine the value of property (other than cash) that is given to qualified organizations. It also explains what kind of information you must have to support the charitable contribution deduction you claim on your return.
You must take into consideration the quality and condition of your items when determining a value. The IRS does not allow us to make a dollar valuation. We can only verify your gift. According to Federal law, clothing and household goods must be in “good used condition or better” for tax deductions.
Calculate the impact your donation will make on the community by using Goodwill's Used Goods Donation Impact Calculator.
