Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
dbtn123
New Member

Recommended taxable value of donations. Do you have a list of what a shirt or slacks I can claim for the donation

how do I evaluate the value of my donation?
1 Reply
LindaA
Level 10

Recommended taxable value of donations. Do you have a list of what a shirt or slacks I can claim for the donation

TurboTax will help you estimate the value of your donated items.

If you're using ItsDeductible, a free TurboTax online tool which lets you track your charitable contributions, you'll be given IRS-approved values for your donations. You may import your donations from ItsDeductible into TurboTax when you prepare your tax return. 

The TurboTax program itself can help determine the value of donations that you enter directly. Just be sure to choose the Guide me option when entering the donations. As you continue through the program, you'll enter your donations in a table that includes acceptable values for the items. For example, in the sample screenshot below a person has entered three flannel shirts that were donated to a charitable organization. (Click the screenshot to enlarge it.)   

For more information, please see the TurboTax Tax Tip How to Estimate the Value of Clothing for IRS Deductions.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.62m
Discussions

Manage cookies
v