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2 sie 2024 · You may be able to claim the below tax deductions for some common clothing items you donated. These values are according to The Salvation Army and Goodwill. You can also use the Goodwill Fair Market Value calculator.
If you give an item of used clothing that is in good used condition or better to the Salvation Army, the FMV would be the price that typical buyers actually pay for clothing of this age, condition, style, and use. Usually, such items are worth far less than what you paid for them.
19 lut 2020 · However, the Salvation Army publishes a guide providing the average prices of clothing, furniture, and household items in its stores. You can use this guide to establish the value of these items. To learn more, see IRS Publication 561: Determining the Value of Donated Property .
THE SALVATION ARMY VALUATION GUIDE FOR DONATED ITEMS. The following is a list of the average prices in our thrift stores if the items are in good condition. New or expensive items would be higher and damaged material. less. This list is for your guidance only.
The Donation Value Guide below helps you determine the approximate tax-deductible value of some of the more commonly donated items. It includes low and high estimates. Please choose a value within this range that reflects your item's relative age and quality. The Salvation Army does not set a valuation on your donation. It's up to you to assign a
27 mar 2023 · Get an idea of what your donated clothing and household goods are worth, as suggested in the Salvation Army’s valuation guide.
