
![]() |
|||||||||||
claiming charitable deductions for your donations If you itemize deductions on your federal tax return, you are entitled to claim a charitable deduction for your Goodwill donations. Goods Donation: Because market values are based on items in good condition and may vary from one region to another, Goodwill Industries does not maintain 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 this region. Determining the Value of Donated Property (IRS Publication 561) Noncash Charitable Contributions (IRS Publications 8283) Charitable Contributions (IRS Publication 526) For more information and to view our donation receipt, please click below. goodwill encourages you to donate wisely. Not all organizations that collect donations make the best use of them. Some thrift stores solicit donations under the name of a charity, but as little as 5 percent of the money generated from these donations may actually go to the charity. At Goodwill, 85 percent of our revenues are used to support our employment and training programs. Goodwill is consistently ranked among top charities that make your donations go further. Published Articles on Tax Information for Donations Recent Tax Law Changes May Affect People Giving to Charity:
|
|||||||||||
|
|||||||||||