topic What is the value of donating new contact lenses? in Get your taxes done using TurboTax

What is the value of donating new contact lenses?

mlebed — Tue, 07 Jan 2020 23:40:46 GMT

Bsch4477 — Wed, 08 Jan 2020 00:03:21 GMT

Since the prescription would be unique to you they would not have much , if any, value.

mlebed — Sun, 19 Jan 2020 22:08:28 GMT

They wouldn't accept them if they were of no value to anyone else. https://providenceeye.com/blog/recycle-and-donate-contact-lenses

JohnB5677 — Mon, 20 Jan 2020 18:58:17 GMT

Your contact lenses are deductible if you itemize your deductions. They are deductible up to the fair market value of the lenses.

To itemize deductions you will probably have to own a home with a mortgage and pay real estate and possibly state income taxes.

The alternative is the STANDARD DEDUCTION. In this case you will automatically get a deduction of $12,200 for a single person, or $24,400 if married.

So, unless your itemized deductions exceed the standard deduction there is no tax advantage to claiming the contact lenses.