Goodwill donation under $250
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

Goodwill donation under $250

I dropped off boxes of clothes at the take-in location at Goodwill, but I didn't speak with anyone or get an assessment; I know the value is under $250. Can I still claim up to that amount without any type of receipt?
3 Replies
New Member

Goodwill donation under $250

Yes, you can claim the amount without the receipt but it would be best to write down a list of the items that you donated and keep it for your records.

IRS Guidelines

If you itemize deductions on your federal tax return, you may be entitled to claim a charitable deduction for your Goodwill donations. According to the Internal Revenue Service (IRS), a taxpayer can deduct the fair market value of clothing, household goods, used furniture, shoes, books and so forth. 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. To assess "fair market value" for your donations:

  • Consult a local tax advisor who should be familiar with market values in your region
  • Review the following tax guides available from the IRS

Determining the Value of Donated Property — defines "fair market value" and helps donors and appraisers determine the value of property given to qualified organizations. It also explains what kind of information you must have to support the charitable contribution deduction you claim on your return. (Publication 561)

To help you determine your donations fair market value Goodwill is happy to provide a “Value Guide” that offers average prices in our stores for items in good condition.

Charitable Contributions — explains which organizations are qualified to receive deductible charitable contributions, the types of contributions you can deduct, how much you can deduct, what records to keep, and how to report charitable contributions (Publication 526)

Noncash Charitable Contributions — applies to deduction claims totaling more than $500 for all contributed items.  If a donor is claiming over $5,000 in contribution value, there is a section labeled “Donee Acknowledgement” in Section B, Part IV of Internal Revenue Service (IRS) Form 8283 that must be completed. The form and instructions are available on the IRS site and can be accessed through this link, IRS Tax Forms.  A member of the management staff must verify that the donation receipts match the completed form and fill in the date of donation/s in this section.  In addition, Goodwill’s name (Goodwill Retail Services, Inc.), store address and identification number (39-2040239) must be completed. Management staff must also provide their signature, title, and the signature date.  Finally, a copy of completed Form/s 8283 should be forwarded to the Merchandise Analyst.

IRS Links for Forms and Instructions — IRS Tax Forms Form 8283 is used to report information about noncash charitable contributions.   Form 8282 is used to report information to the IRS and donors about dispositions of certain charitable deduction property made within 3 years after the donor contributed the property.

New Member

Goodwill donation under $250

What about if it's lower than $500 with the same circumstances?
New Member

Goodwill donation under $250

Yes, you can claim the donation without a receipt if it less than 500.00
Dynamic Ads
v
Privacy Settings