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Tip for determining value of donated goods

February 23rd, 2007

Every tax year, I gather up my pile of donation receipts. These receipts can be pretty generic, so I make a separate list of the items I donated and attach it to the donation receipt. Then, I take about five minutes and go to The Salvation Army’s Valuation Guide. This guide is broken down into six categories: man_bag.gif

Each category has a list of items with its high and low value. With this guide, I determine the value of my donated goods. I think it’s a great resource that you may find very helpful.

Another helpful resource is Goodwill, whose list includes values for computers and sporting goods.

Good luck and happy tax filing.

Entry Filed under: Money Matters