top of page
  • filkinsgroup

Valuation Guide for Household Donations

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

The IRS requires an item to be in good condition or better to take a deduction. The attached guide will assist in helping you determine prices ranging from good to like-new.

To determine the fair market value of an item not on this list, use 30% of the item’s original price.

Download PDF • 281KB

14 views0 comments

Recent Posts

See All

Beware of tax scams

The IRS this week issued a consumer alert following ongoing concerns about a series of tax scams and inaccurate advice on social media that have encouraged thousands of taxpayers to file fictitious re

Corporate Transparency Act - Exemptions

The 23 exemptions from the Corporate Transparency Act’s beneficial ownership information reporting requirement By: Sandra Feldman With the beneficial ownership information reporting requirement impose


bottom of page