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[quote=Anonymous]Hello.  We've always donated items to shelters, Goodwill, etc throughout the year.  Prior to having a mortgage, we never itemized deductions so never bothered figuring out the value of the donated goods.  But now that we have a house, we do itemize.  How do you place a value on a donated item, especially if you don't have the receipt from way back when?  Let's say I donated a table that cost me $200 when I bought it four years ago.  I don't have the receipt to show the purchase price from then, but I remember the general amount.  Do you value it at the purchase price or it's worth as a used item?  If you place a value based on it being used, how do you calculate that value?  Does the IRS have any rules of thumb for this?   If I remember correctly, you get something like 30 cents for every $1 as a reduction to what you owe.  So, when you tell Turbotax the value of what you gave to Goodwill, do you input the whole value or 30% of the value (or whatever it is).  We don't donate enough items to make seeing an accountant worthwhile.  But if it's an easy enough calculation, we'll start keeping track form her eon out.  I'd appreciate any insights.  Thanks![/quote]

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