Furniture Donation Valuation Guide

Internal revenue service irs requires donors to value their items.

Furniture donation valuation guide. The fmv of a donated vehicle is the same as the price listed in a used vehicle pricing guide for a private party sale only if the guide lists a sales price for a vehicle that is the same make model and year sold in the same area in the same condition with the same or similar options or accessories and with the same or similar warranties. Our donation value guide displays prices ranging from good to like new. Please choose a value within this range that reflects your item s relative age and quality. For more information on how to take a deduction scroll to the bottom of this page for a how to video.

Use the donation value guide to help determine the approximate tax deductible value of items commonly donated to the salvation army. Clothing sleepwear children 1 50 clothing sleepwear men women 2 99 clothing suit children 2 99 clothing suit men women 9 99. Technically form 8283 must be submitted for all donations valued at over 500 but really pricey gifts over 5 000 require that you fill out section b of the form as well. Bed full queen king 50 00.

As for aircraft cars and boats the rules here are particularly tricky and you might have a choice of valuation methods depending on what the charity does with the gift. The salvation army provides a list showing furniture valuation based on condition. The donation value guide below helps you determine the approximate tax deductible value of some of the more commonly donated items. Furniture kitchen chair 6 99 furniture kitchen table 29 99 shoes purses accessories belt 0 99.

Donation valuation guide. Furniture donation low high. Furniture standard sofa 75 dining room set 75 patio set 50 dresser 25. The list of some common items below gives you an idea of what your donated clothing and household goods are worth as suggested in the salvation army s valuation guide.

Valuation guide for goodwill donors the u s. It includes low and high estimates. To help guide you goodwill industries international has compiled a list providing price ranges for items commonly sold in goodwill stores. The salvation army does not set a valuation on your donation.