Goodwill Donations

Today TaxMama hears from Mary in Illinois who tells us. “I have donated several items to Goodwill. Is there a website where I can go to see how much the IRS allows for deductions for specific items such as clothing, household goods, etc?”

Dear Mary,

Get a load of all the resources I found for you!

Exploring the Goodwill website, I found their donation guide. It wasn’t all that easy to find – but it’s there.
http://www.goodwill.org/c/document_library/get_file?folderId=102123&name=DLFE-2302.pdf

The Salvation Army also has a valuation guide.

valueguide.htm

Do you remember the popular ItsDeductible software? TurboTax has opened it up to the public at no cost! This is probably what I would use to value the specific items if I made a donation of non-cash items.
http://turbotax.intuit.com/personal-taxes/itsdeductible/index.jsp

Before putting your overall list together for your tax return, remember there are limits. Please read the instructions to IRS Form 8283 – Noncash Charitable Contributions

http://www.irs.gov/pub/irs-pdf/i8283.pdf

There are limits to the dollar amount of donations you can use without including a written appraisal. See IRS Publication 526.
http://www.irs.gov/publications/p526/ar02.html#d0e1472

And remember, you can find answers to all kinds of questions about noncash donations and other tax issues, free. Where? Where else? At TaxMama.com

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