Clothes Tax Deduction
January 18th, 2010
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Question: Donation to thrift shop calculation for Tax Deductions help?
How much would a perfect conditon-hundred fifty dollar skirt- sell for at a thrift shop?
I am trying to figure this out for tax dedutions on the clothing I am donating?
Answer: On my valuation guide that I received the last time I donated the average Salvation Army thrift store deduction price for a “good condition” skirt is $3 on the low end and $8 on the high end.
It says that new or expensive items would be higher, and this list is for your guidance only.
If you can, take a digital picture of everything you are donating and keep it in your file for that tax year. You can also find comparable skirts being sold on ebay and print those prices out to keep with the skirt. Make sure to get a receipt for your donated items as well (best if it’s itemized). All of this is in case you are audited…. it happened to me.
I don’t think you should go much over $25 at the most.
Items on Amazon Right Now for Clothes Tax Deduction:
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Baby Sayings Bodysuit – Fresh Sayings Boy Baby Sayings Baby Bodysuits are solid interlock cotton with printed sayings. Available in 4 sizes up to 12 months. Available in 4 different sayings: Ladies Love Me; Trouble; Tax Deduction; Poop Happens…. |
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So Relative! Daddy’s Little Tax Deduction Funny Baby Infant Short Sleeve Bodysuit Creeper $19.99 Approximate sizing: Newborn (up to 12 pounds), 6 Months (12-18 pounds), 12 Months (18-25 pounds), 18 Months (25-30 pounds)… |
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So Relative! Mommy’s Little Tax Deduction Baby & Toddler Short Sleeve T-Shirt (Assorted Colors & Sizes) $19.99 … |
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ItsDeductible 2002 Cash for Your Used Clothing $25.00 Tax Year 2002 Workbook, 13th Edition of Cash For Your Used Clothing. Cash for Your Used Clothing is the only product on the market today that determines and assigns the actual fair market value to your charitable donations and guarantees you will increase your tax refund or your money back! An independent study showed that 91% of people who donate even one bag of clothing to charity value those do… |
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