Below is a donation value guide of what items generally sell for at Goodwill locations. To determine the fair market value of an item not on this list, use 30% of the item’s original price.

What is fair market value of a donation?

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.

Can you deduct fair market value on donations?

The IRS allows you to deduct fair market value for gently-used items. The quality of the item when new and its age must be considered The IRS requires an item to be in good condition or better to take a deduction. Our donation value guide displays prices ranging from good to like-new.

How to determine the fair market value of used book donations?

Read the official IRS definition of fair market value on the IRS website (see Resources below). In sum, the IRS defines fair market value when applied to used as what a book is worth on the open market or the price that a buyer and seller agree is fair. Consider the type of book being donated when deciding on the fair market value.

How to determine the value of a donation?

Our donation value guide displays prices ranging from good to like-new. For more information on how to take a deduction, scroll to the bottom of this page for a how-to video. To determine the fair market value of an item not on this list below, use this calculator or 30% of the item’s original price.

How to figure fair market value for clothing?

Visit thrift shops to determine the value of lower-priced clothing and household items. Get a professional appraisal for valuable clothing items. If you have a single piece of clothing or a household item that is worth more than $500 and is in less than “good” condition, you must obtain a professional appraisal of the item before donating it.