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Max Charitable Contribution for a single item

What is the maximum amount allowed for a single item to give to a charity?  I saw that if something is over $5000 it requires an appraisal, but if it is a single item, do I need an appraisal if it is over $500?  We donated a brand new King Mattress that we bought for $999 (plus tax), so I don't know if it will require me to get the new mattress appraised, if the receipt will work, or if I don't need any of it since it is under $5000.


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KristinaK
Employee Tax Expert

Max Charitable Contribution for a single item

There is no maximum amount allowed for a single item given to charity. 

 

No, you do not need an appraisal for the brand new King mattress because the donated value is under $5,000. However, you will need to fill out Form 8283 for a non-cash donation over $500.

 

Click here for instructions on entering your mattress donation in TurboTax:  How to Enter Charitable Contributions in TurboTax. 

 

You can also see this video link for more info -  Deducting Charitable Contributions

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1 Reply
KristinaK
Employee Tax Expert

Max Charitable Contribution for a single item

There is no maximum amount allowed for a single item given to charity. 

 

No, you do not need an appraisal for the brand new King mattress because the donated value is under $5,000. However, you will need to fill out Form 8283 for a non-cash donation over $500.

 

Click here for instructions on entering your mattress donation in TurboTax:  How to Enter Charitable Contributions in TurboTax. 

 

You can also see this video link for more info -  Deducting Charitable Contributions

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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