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.
https://www.goodwill.org/c/document_library/get_file?folderId=102123&name=DLFE-2302.pdf
The Salvation Army also has a valuation guide.
https://www.salvationarmysouth.org/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.
https://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
https://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.
https://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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- Goodwill’s website :: Noncash donation valuation guide
- Salvation Army website :: Noncash donation valuation guide
- TurboTax website :: ItsDeductible is FREE!
- IRS Form 8283 :: Noncash Charitable Contributionss
- IRS Publication 526 :: Charitable Contributions – Chapter 2 covers noncash donations
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