Tax Deduction

If you itemize deductions on your federal tax return, you are entitled to claim a charitable deduction for your Goodwill donations. Because market values are based on items in good condition and may vary from one region to another, Goodwill Industries does not maintain national guidelines for the estimated value of donated items.

To assess "fair market value" for your donations:

• Consult a local tax advisor who should be familiar with market values in your region.
• Contact a Goodwill store and price similar items, or ask if they have a local valuation guide.
• Review the tax guides available from the Internal Revenue Service.

"Determining the Value of Donated Property"

Defines "fair market value" and helps donors and appraisers determine the value of property given to qualified organizations. It also explains what kind of information you must have to support the charitable contribution deduction you claim on your return. (Publication 561)

"Charitable Contributions"

Explains which organizations are qualified to receive deductible charitable contributions, the types of contributions you can deduct, how much you can deduct, what records to keep, and how to report charitable contributions. (Publication 526)

Non cash Charitable Contributions

Applies to deduction claims totaling more than $500 for all contributed items. (Form 8283)

To learn more about donation programs, contact Goodwill Industries at 1(800) 294-4742. Additionally, U.S. residents may call (800) 664-6577 and enter your five-digit ZIP code to contact the Goodwill serving your area.