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Deductions & credits
You can use third-party tools that are available online to value your contributions or you can manually calculate the fair market value for your non-cash donations.
Fair market value (FMV) for non-cash donations is the price a willing buyer would pay for the item in its current condition. This is not the original cost. For used clothing and household items, this is generally what they would sell for in a thrift store.
Click here for Video: How to Estimate the Value of Clothing for IRS Deductions
Click here for Donating to Charity & Taxes: An Intro Guide
Please return to Community if you have any additional information or questions and we would be happy to help.
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‎February 18, 2026
11:24 AM