Valuation and Tax Receipts for Donated Clothing and Goods

Donors who itemize their tax returns are entitled to make a "fair market
value" deduction from their federal income tax. Goodwill cannot provide
donors with a value for their non-cash donations. Donors are required by
federal law to place their own value on donated items.

*Donors should also note the following changes in the tax deduction laws
under the Pension Reform Act of 2006.

* Donated items must be in good condition in order to claim a deduction,
and a qualified appraisal must accompany claims greater than $500.

* The law does not define "good condition," and the IRS says the
responsibility of defining the condition and value of the items is the
responsibility of the donor.
 

 To determine the fair market value for your donations, we recommend that
you obtain IRS publications 526 and 561 or visit the IRS website at
www.irs.gov/pub/irs-pdf/p561.pdf.   You can also visit  www.goodwillpromo.org to see what items typically cost in a Goodwill Store.

Download a tax receipt.