© 2019 by Gregory L Buhrow CPA; Created with Wix.com

Gregory L Buhrow CPA PC

Address: 10945 Estate Lane

             Suite 212

    Dallas TX  75238-2317

Info:  glbcpa@gmail.com

Tel:  214.327.0700

Contact Us
Socialize With Us
Member

Non-Cash Donations - Valuation Guidelines

1

Contrary to what others say on the web and elsewhere, you don’t need to purchase their property valuation guide each year in order to substantiate your non-cash charitable contributions. Those “others” are trying to scare you into buying their book every year for $25 or more.  The IRS is not in the “valuation of used goods” business.

 

It is your responsibility to value your donated goods as reasonably as possible.  So, with that said, how do you establish a value on used goods?

 

The typical used goods value is termed "thrift shop value" or the price your item would sell for at a thrift shop, ie, Goodwill , Salvation Army Thrift Stores or other thrift shops.

 

I have researched the Internet and, with the help of my wonderful wife, canvassed local (Dallas-Garland, TX) thrift shops to determine some valuation ranges for a number of items.  Shown below are the results of those efforts:

Appliances

Clothing - Children

back to top icon.jpg

Clothing - Men

back to top icon.jpg

Clothing - Women

back to top icon.jpg

Electronics

back to top icon.jpg

Furniture

back to top icon.jpg

Household - Dry Goods

back to top icon.jpg

Sporting Goods

back to top icon.jpg

Use of Valuation Guidelines

   As previously stated, these represent a compilation of valuation ranges suggested by various Internet sources as well as thrift shop values in the Dallas area.  Your locale may be different.  Use them as a guideline and at your own risk!

 

Should IRS challenge or deny a claim based on your use of these guidelines, we assume no liability and deny any responsibility with regard to your tax return.

1