Consult a local tax advisor who should be familiar with market values in your region.To assess "fair market value" for your donations: By law, a charity cannot tell you what your donated items are worth. Value usually depends on the condition of the item. Fair market value is the price a willing buyer would pay for them. 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. If you itemize deductions on your federal tax return, you may be entitled to claim a charitable deduction for your Goodwill donations. This information should help you determine if you need to itemize or post the total amount.
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