Valuing Donated Goods for Tax Deduction

Major tax-preparation programs and applications from companies such as H&R Block, TaxAct and TurboTax offer valuation guides for used goods like those you often #donate to ClothingDonations.org, offering a range of values based on condition. Each pair of pants, for example, is worth about $5–$12 at resale, and that amount is deductible. Be forewarned, however, that the threshold for deductible donations of lightly used clothing and goods is typically $500, so try to #declutter often. If you would like to make a larger charitable donation, consult IRS Publication 526 for information.

CATEGORIES

FEATURED STORIES

How to Shake off Your Winter Hibernation

Read Article

Start Your Spring-Cleaning Engines!

Read Article

The Meaning Behind Mardi Gras

Read Article

Start Scheduling Those Home Renovations Now

Read Article

SCHEDULE A PICK UP BY STATE

Copyright © 2025Copyright © 2024 ClothingDonations.org. All rights reserved.

SCHEDULE A PICK UP BY STATE

PRESENTED BY Copyright © 2024 ClothingDonations.org. All rights reserved.