How to quantify clothing donations

[Anonymous]

Is there an app? Website? We donate to military order of the purple heart - they leave a reciept, but no way to quantify how much we can write off for our donations come tax time.....

[Anonymous]

We use Turbo Tax to do our taxes and they have a program that automatically values everything. You just put in the quantity of what you donate. I can't remember the name of the program (because it comes with Turbo Tax), but maybe someone else can.

[Anonymous]

P.S. You do need to be very specific on the receipt. Like 4 pairs of kids shoes, 20 blouses, 14 teeshirts, etc. It needs to be itemized for the IRS to accept it if they ever audit. I just list out the items and then staple it to the general receipt from Goodwill or purple Heart.

[Anonymous]

Anonymous wrote:We use Turbo Tax to do our taxes and they have a program that automatically values everything. You just put in the quantity of what you donate. I can't remember the name of the program (because it comes with Turbo Tax), but maybe someone else can.

I believe the program is called "Its Deductible"

I've used it for years, and always choose the lesser value for each item.

[Anonymous]

You can get an automatic deduction of $500 with no audit

[Anonymous]

You can use this as a guide.

https://satruck.org/Home/DonationValueGuide

[Anonymous]

Another vote for its deductible. It's a free program. When I pack the bags to donate I take q picture on my phone and make a note of all the stuff listed out.

[Anonymous]

I don't bother. The value of used clothes and such isn't high enough to spend my time on it.

[Anonymous]

We are cleaning out bins and bins of accumulated kids clothes, and listing everything - it's a pain. I take the Goodwill receipt and staple the list.

If we dumped it all in a trash bag it would take 5 minutes. BU tit takes half an hour to sort it, then tally it - 25 t-shirts, 40 sleepers, 12 pants, etc etc.

But I think it will all add up and be worth it in the end. We did it last night watching TV and ended up with three bags, and took 5 bags to Goodwill last weekend. Progress!

[Anonymous]

Right..under $500 does not need to be itemized. That is a lot of used t-shirts.. Most tshirts at Goodwill are about $2 so it can't be more than that a t-shirt..and that is for the ones that are not worn and stained.

[Anonymous]

Thanks for the info, guys. This particular donation had a lot of barely used men's dress shoes, shits, suits, etc. Might add up. And I'll take any tax deduction I can get!

[Anonymous]

I've always just sort of ballparked and made sure it stayed under $500 b/c of the IRS limit.

But, last year, we donated a LOT. I made a rough list but hadn't *actually* counted out how many of each type of item we gave away. I used the salvation army website to estimate cost and it was just under $500.

Then I got to TurboTax and the numbers they use are SO MUCH HIGHER and it brought my total to over $500. But I didn't feel comfortable going with those numbers since I had only estimated how much of each type of clothing was in each bag I gave away.

So in the future, I don't care if it takes me an extra hour or so to sort it...I am keeping a detailed list of exactly what we donate so I can claim it all if it goes over $500. I used to do garage sales but I can get more money back and spend less time just donating it and getting the tax deduction.

[Anonymous]

Anonymous wrote:We use Turbo Tax to do our taxes and they have a program that automatically values everything. You just put in the quantity of what you donate. I can't remember the name of the program (because it comes with Turbo Tax), but maybe someone else can.

+1 We make a detailed list when we donate, which we use as reference to plug into Turbo Tax for values later on.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We use Turbo Tax to do our taxes and they have a program that automatically values everything. You just put in the quantity of what you donate. I can't remember the name of the program (because it comes with Turbo Tax), but maybe someone else can.

I believe the program is called "Its Deductible"

I've used it for years, and always choose the lesser value for each item.

we use this too.