Good Stuff Thrift Tax Deductible Guidelines for
Merchandise Donations
Merchandise donations to Good Stuff Thrift stores are tax deductible to those who file the 1040 Long Form and
itemize their deductions. The following suggestions and link are offered solely as a general guideline for deducting the
fair market value of the merchandise donations (non-cash donations) that you donate to charity. If you have specific
questions, please contact the IRS or your tax advisor.
• Keep a list of the items you give to charity. It’s your responsibility - not the charity’s- to list, estimate and report
to the Internal Revenue Service the fair market value of the items donated.
• Be sure to get a receipt for your donated goods for your personal records. If your items are picked up by an
Good Stuff Thrift Stores truck you will receive a receipt from our truck crew. If you drop your donation at one of
our stores you will receive a receipt from the Good Stuff Thrift employee who helped with your donation. The
receipt will be signed and dated. We will not itemize nor put a dollar value on the items you donate;
estimating the value is the responsibility of the donor. The receipt will be your proof that you did indeed
donate merchandise to Impact Thrift Stores.
• If the total value of the merchandise you are deducting comes to more than $500, you may have to file IRS Form
8283 with your tax return. Consult your tax advisor or contact the IRS for assistance.
• To best value your non-cash donation to Good Stuff Thrift Stores we suggest you visit the IRS website;
http://www.irs.gov/publications/p561/ar02.html This link will take you directly to Publication 561 - Determining the Value of Donated Property.
The chart below is intended to assist you in determining the tax deductible value for your donation. The U.S. Internal
Revenue Service requires donors to value their items but we offer the following price ranges as a guideline. Values
provided are only estimates and assume the items donated are in good, re-saleable condition.
ITEM
CLOTHING
Dresses
Coats
Suits
Shoes
Sweaters
Slacks/Skirts
Shirts/Blouses
Children's
Infants
Bags/cartons of clothing
MISCELLANEOUS:
Exercise Equipment
Baby Furniture
Jewelry
Books
Low
High
$3
$3
$3
$2
$1
$2
$2
$1
$1
$5
$30
$40
$30
$20
$15
$12
$12
$10
$10
$20
$4
$100
$5
$75
$1
$300
$0.50 $6
ITEM
HOUSHOLD ITEMS
Bric-a-Brac
Small Appliances
Toaster
Coffee Maker
Refrigerator
Oven/Stove
Pots and Pans
Utensils
Dishes
Glassware
Lamps
Rugs
Luggage
Linens
Sewing Machine
Mirrors
Low High
$0.50
$4
$2
$2
$25
$20
$1
$0.50
$0.50
$0.50
$4
$5
$5
$2
$20
$5
$20
$15
$10
$15
$150
$125
$5
$3
$3
$5
$12
$30
$15
$6
$60
$60
ITEM
AUDIO/VISUAL EQUIP:
Radio
TV
VCR-DVD
FURNITURE:
Sofa
Mattress
Boxspring
Side chair
Recliner
Hutch/Server
Wall unit
Entertainment Center
Table (kitchen)
Coffee table
Chair
Desk
Low
High
$2
$10
$8
$15
$100
$40
$30
$5
$5
$5
$10
$10
$15
$15
$20
$10
$5
$10
$150
$30
$30
$15
$30
$40
$60
$60
$100
$50
$30
60