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Note: This worksheet is provided as a convenience and aid in calculating most common non-cash charitable donations. The source information used is from a Salvation Army "Valuation Guide" published several years ago and updated for assumed inflation.
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This publication focuses the valuation of noncash property being contributed after January 1, 2019, to a charity that qualifies under section 170 (c) for an income tax charitable contribution deduction. FMV. FMV is the price that property would sell for on the open market.
The Donation Value Guide below helps you determine the approximate tax-deductible value of some of the more commonly donated items. It includes low and high estimates. Please choose a value within this range that reflects your item's relative age and quality.
Dec 19, 2022 · The tax deduction you receive for donations to charities is based on the fair market values of the items donated. Here are some general donation values that may help.
- Beverly Bird
Use this donation calculator to find, calculate, as well as document the value of non-cash donations. You can look up clothing, household goods furniture and appliances.
What is my donation worth? Need help determining the value of your donation for tax purposes? Use the list below as a general guide to assess the “fair market value” you can claim on your tax return.
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Donation Value Guide – 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.
