Can I deduct what I paid for new clothing at pre-Christmas discounted sale prices that I cannot return to merchant because merchant shortened return time window?

[Waldo-37]

I have all receipts and items are now offered for sale at full price.  

[Lisa995]

Are you donating it to charity?  Why would clothing you bought be a deduction?

[Waldo-37]

Yes, I am donating the items to charity.

[Lisa995]

Your donation value is either "fair market value" (what you could get if you sold them) or what you paid for the item, which ever is LOWER.

[DawnC0 · Accepted solution]

As Lisa stated above, when donating items to charity, you can deduct the lower of:

• Fair market value (what you could sell them for) or
• Your cost (what you paid for the items)

If you would like, you can use the Its Deductible app for determining the fair market value of items you donate.  

https://itsdeductibleonline.intuit.com/secured/Item.htm