How Much Is Your Donation Worth?

Donations awaiting pick upThroughout the year, as you clean out your closets, remember to make an itemized listing of the donations you give to charity. You’ll need this information along with the value of your items for the IRS at tax time to claim your deduction.

BANK RATE

They have lists of typical donated items and their typical values. Good information to back up your tax-deduction records.

http://www.bankrate.com/finance/money-guides/tax-valuation-guide-for-donated-goods.aspx

DONATION VALUATION RESOURCES

Software for evaluating the worth of your donations; it’s especially handy if you have multiple items to donate.

http://itsdeductible.com

GOODWILL

The Goodwill Valuation Guide is a pdf booklet with values for common household item donations.

http://www.goodwill.org/wp-content/uploads/2010/12/Donation_Valuation_Guide.pdf

I DONATED IT

There’s even an iPhone and iPad App for tracking donations, recording their value and creating a report for your tax return.

http://itunes.apple.com/us/app/idonatedit/id341013253?mt=8&ign-mpt=uo%3D6

SALVATION ARMY

A Donation Valuation Guide is available on their website for estimating the value of your donated goods for tax purposes.

http://satruck.com/donation-value-guide

This entry was posted in Tax Deductions, Think Outside The Bin and tagged , , , , , . Bookmark the permalink.

One Response to How Much Is Your Donation Worth?

  1. Pingback: Donation Valuation Guides for End of Year Giving | Think Outside The Bin

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