WHAT ARE MY DONATIONS
WORTH?
- As you clean out your
closet or reorganize your household, be sure to keep track of the items
you give to charity. It's your job, not the charity's, to report
the value of the donation to the Internal Revenue Service.
- Tax law now requires
that that all household items given to a charity must be in good or
better condition. Those questionable items you donated in previous
years and claimed were worth a few dollars because they were in "fair"
condition are no longer acceptable.
- Several computer
software programs are available to help you figure the tax value of your
goodwill. But many people still prefer to use pen and paper, jotting
down the item and its worth as they are pulling it from the closet or
dresser drawer. If that's your style, the following list will give you
an idea of what your donated clothing and household goods are worth. It
indicates fair market values for some common items as suggested in the
Salvation Army's valuation guide.
- You don't have to send
in your list of donated items with your return. Simply keep the
information with your personal tax records and put the total
contribution amount on line 17 of your Schedule A.
- Also, be sure to get,
again for your personal records, a receipt from the charity of your
donated goods. The non-profit won't put a dollar value on this
receipt, but it will help you prove that you did indeed donate the
property if the IRS later asks.
- If you do make a single
non-cash gift worth between $250 and $500 (for example, you donate a
vehicle), you will need that receipt or a written acknowledgment of your
gift from the qualified charitable organization.
- And if the total of all
your contributed property comes to more than $500, you have to file IRS
Form 8283 with your tax return.
For more information in determining the value
of donated property
click here for
the IRS webpage
ITEM |
Price - Low |
Price - High |
Men's
Clothes |
Shirt |
$2.50 |
$12.00 |
Slacks |
$5.00 |
$12.00 |
Jeans |
$3.50 |
$19.00 |
Sweater |
$2.50 |
$12.00 |
Over Coat |
$15.00 |
$60.00 |
Belt Or
Necktie |
$1.00 |
$8.00 |
Suit |
$15.00 |
$60.00 |
Jacket |
$7.50 |
$25.00 |
Shoes |
$3.50 |
$25.00 |
Women's
Clothes |
Blouse |
$2.50 |
$12.00 |
Slacks |
$3.50 |
$12.00 |
Sweater |
$2.50 |
$12.00 |
Jeans |
$3.50 |
$19.00 |
Over Coat |
$15.00 |
$60.00 |
Belt or
Neck Tie |
$1.00 |
$8.00 |
Suit |
$15.00 |
$60.00 |
Jacket |
$7.50 |
$25.00 |
Shoes |
$3.50 |
$25.00 |
Children's Clothes |
Blouse |
$2.00 |
$8.00 |
Shirt |
$2.00 |
$6.00 |
Dress |
$3.50 |
$12.00 |
Slacks |
$2.00 |
$8.00 |
Jeans |
$3.50 |
$12.00 |
Coat |
$4.50 |
$20.00 |
Sweater |
$2.50 |
$8.00 |
Shoes |
$2.50 |
$8.70 |
House
Hold Goods/Misc. |
Towels |
$.50 |
$4.00 |
Sheets &
Pillows |
$2.00 |
$8.00 |
Blanket |
$2.50 |
$8.00 |
Bicycle |
$15.00 |
$65.00 |
Floor Lamp |
$4.50 |
$35.00 |
Table Lamp |
$5.00 |
$25.00 |
Sofa |
$25.00 |
$225.00 |
Throw Rug |
$1.50 |
$12.00 |
Color TV |
$25.00 |
$175.00 |
Kitchen Table/w chairs |
$35.00 |
$170.00 |
coffee table |
$15.00 |
$75.00 |
Washing Machine |
$50.00 |
$160.00 |
Vacuum cleaner |
$50.00 |
$170.00 |
Dryer |
$45.00 |
$100.00 |
refrigerator |
$50.00 |
$200.00 |
Dresser w/mirror |
$40 |
$200.00 |
Wardrobe |
$30.00 |
$90.00 |
upholstered chair |
$25.00 |
$125.00 |
Desk |
$25.00 |
$200.00 |
Bicycle |
$15.00 |
$75.00 |
radio |
$5.00 |
$50.00 |
Bed complete |
$50.00 |
$150.00 |
Mattress single |
$15.00 |
$100.00 |
Mattress double-king |
$25.00 |
$75.00 |
Folding Bed |
$20.00 |
$70.00 |
play Pen |
$10.00 |
$34.00 |
Vases |
$.50 |
$2.00 |
Collectible Tins |
$.50 |
$5.00 |
Plates |
$.50 |
$5.00 |
Mugs |
$.50 |
$2.00 |
Knives, forks
Or Spoons |
$.10 |
$2.00 |
Misc. Serving Utensils |
$.10 |
$1.00 |
Cameras |
$.50 |
$1.00 |
Toys |
$.10 |
$4.00 |
Games/Puzzles |
$.50 |
$1.00 |
CD's |
$.50 |
$2.00 |
VHS Tapes |
$.50 |
$3.00 |
Cassette Tapes |
$.10 |
$.20 |
Records |
$.25 |
$2.00 |
Baskets |
$.50 |
$2.00 |
Cosmetics |
$.10 |
$2.00 |
Picture Frames |
$.75 |
$20.00 |
Pictures |
$1.50 |
$200.00 |
Misc. Hi/FI |
$1.50 |
$20.00 |
Sleeping Bag |
$5.00 |
$50.00 |
Tent |
$10.00 |
$100.00 |
Golf club set |
$10.00 |
$150.00 |
Misc. Sporting Goods |
$1.00 |
$60.00 |
Curtains |
$2.00 |
$80.00 |
Drapes |
$5.00 |
$40.00 |
Blankets |
$5.00 |
$15.00 |
Bedspreads |
$5.00 |
$25.00 |
Pillows |
$2.00 |
$5.00 |
Sheets |
$3.00 |
$10.00 |
Misc. Tools |
$2.00 |
$80.00 |
Chain Saw |
$20.00 |
$150.00 |
Misc. Garden equipment |
$2.00 |
$50.00 |
Push Mower |
$10.00 |
$130.00 |
Riding Mower |
$100.00 |
$400.00 |
RUSHMORE TAX SERVICE INC.
Corporate Office: 1094 State Ave, Marysville, Washington 98270
MAP
Tel: (360) 657-7333
Email
All Rights Reserved © Copyright
Rushmore Tax 2009-2020 |