How much deduction for goodwill donation

Please consult your tax professional. If you donate clothing, furniture, household goods or other items to Goodwill, the Internal Revenue Service allows a deduction based on the fair market value of those items. Goodwill Industries will be pleased to provide a receipt acknowledging your donation at any of our attended donation centers and retail stores. Goodwill stores and Donation Centers do not maintain receipt records for donations of clothing and household items.

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Fair market value is the price a willing buyer would pay for them. Value usually depends on the condition of the item. By law, a charity cannot tell you what your donated items are worth. This is something you must do yourself.

How do I make a monetary donation? Tax Deductible Donations In addition to monetary donations, you can also support Goodwill of Central and Northern Arizona by dropping off your used clothing, furniture or other goods to a Goodwill location. Donating a Vehicle to Goodwill When you donate your car to a qualified Arizona charity like Goodwill, you can use that vehicle donation as a tax deduction. To get started, call us at We accept most cars, trucks, trailers, RVs, motorcycles, boats, vans, motorhomes and even airplanes.

Abandoned cars and those that have failed an emission test are also accepted. Consult with a tax advisor to determine the fair market value of your vehicle, which will be used to determine the tax deduction.

Fair market value is the amount a buyer would be willing to pay for the car. Read the IRS guide to donating a vehicle for more information. Goodwill will send you a tax receipt in the mail a few days after your car has been donated. Take this receipt to your tax advisor to claim a charitable contribution deduction. You can then use that paperwork to deduct the car on your taxes.

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