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.
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
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Tel: (360) 657-7333

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