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  • filkinsgroup
    • Jul 18, 2022
    • 1 min read

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.

Donation_Valuation_Guide
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