Charitable Noncash FMV Guide

TAX YEAR 2020 Charitable Contributions Noncash FMV Guide

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Fair Market Value Guide

Men’s Clothing Slacks...... $ 3 – $ 12 Lamps/floor...... $ 5 – $ 30 Chairs...... $ 5 – $ 15 Paperback books... $ 1 – $ 2 Accessories...... $ 2 – $ 8 Sleepwear...... $ 4 – $ 12 Lamps/table...... $ 4 – $ 12 Chest...... $ 25 – $ 95 Records...... $ 1 – $ 2 Belts/leather...... $ 5 – $ 15 Suits...... $ 5 – $ 30 Phone...... $ 5 – $ 25 China cabinet...... $ 85 – $ 300 Toys, Games Belts/not leather.... $ 2 – $ 6 Sweat clothes...... $ 2 – $ 12 Radio...... $ 5 – $ 20 Coffee tables...... $ 15 – $ 65 Puzzles...... $ 1 – $ 2 Boots...... $ 6 – $ 18 Sweaters...... $ 5 – $ 20 Small appliances.... $ 2 – $ 8 Crib with Board games...... $ 1 – $ 3 Coats...... $ 15 – $ 60 Swimwear...... $ 4 – $ 12 Stereo system...... $ 15 – $ 75 mattress...... $ 25 – $ 100 Stuffed animals...... $ 1 – $ 2 Hospital wear...... $ 3 – $5 Tank tops...... $ 1 – $ 6 Television...... $ 60 – $ 170 Desks...... $ 25 – $ 140 Jackets...... $ 8 – $ 25 T-shirts...... $ 1 – $ 6 Vacuum cleaner....$ 15 – $ 65 Dining room set Appliances Jeans...... $ 4 – $ 21 Vests...... $ 3 – $ 9 VCR...... $ 8 – $ 15 (complete)...... $ 150 – $ 900 Air conditioner...... $ 20 – $ 90 Shirts...... $ 3 – $ 12 Wedding dress...... $ 25 – $ 60 Dressers...... $ 25 – $ 100 Dryer...... $ 45 – $ 90 Computers Shoes...... $ 4 – $ 25 End tables...... $ 5 – $ 20 Electric stove...... $ 75 – $ 150 Children’s Clothing Monitors...... $ 5 – $ 50 Shorts...... $ 4 – $ 10 High chair...... $ 10 – $ 50 Fan...... $ 3 – $ 25 Belts/leather...... $ 3 – $ 9 Printers...... $ 5 – $ 150 Ski suit...... $ 14 – $ 20 Kitchen set...... $ 35 – $ 150 Gas stove...... $ 50 – $ 125 Belts/not leather.... $ 1 – $ 2 Systems...... $ 100 – $ 400 Slacks...... $ 5 – $ 12 Mattress/box Heaters...... $ 8 – $ 22 Coats...... $ 5 – $ 20 Sleepwear...... $ 2 – $ 10 Kitchen Items spring...... $ 10 – $ 50 Iron...... $ 3 – $ 10 Dresses...... $ 2 – $ 6 Suits...... $ 15 – $ 40 Baking pans...... $ 1 – $ 3 Play pen...... $ 4 – $ 30 Microwave...... $ 10 – $ 50 Jeans...... $ 3 – $ 10 Sweat clothes...... $ 2 – $ 12 Gadgets...... $ 1 – $ 2 Recliners...... $ 30 – $ 50 Refrigerator...... $ 75 – $ 250 Pants...... $ 2 – $ 12 Sweaters...... $ 5 – $ 15 Glasses/mugs...... $ 1 – $ 2 Sofa...... $ 30 – $ 200 Toaster...... $ 4 – $ 12 Shirts...... $ 2 – $ 6 Swimwear...... $ 4 – $ 12 Plates...... $ 1 – $ 3 Wardrobe...... $ 20 – $ 100 Washing Shoes...... $ 2 – $ 8 T-shirts...... $ 1 – $ 6 Pots and pans...... $ 1 – $ 3 Wooden trunk...... $ 5 – $ 70 machine...... $ 40 – $ 150 Shorts...... $ 1 – $ 6 Ties...... $ 1 – $ 5 Skirts...... $ 1 – $ 6 Textiles Tuxedo...... $ 10 – $ 60 Sporting Goods Miscellaneous Sleepwear...... $ 1 – $ 6 Bath towel...... $ 2 – $ 6 Wallets...... $ 2 – $ 6 Bicycles...... $ 12 – $ 60 Lawn mower...... $ 25 – $ 100 Sweat clothes...... $ 1 – $ 6 Exercise Bedspreads...... $ 8 – $ 24 Luggage...... $ 5 – $ 15 Women’s Clothing Sweaters...... $ 1 – $ 6 equipment...... $ 5 – $ 200 Blankets...... $ 2 – $ 15 Organ/Piano...... $ 50 – $ 200 Belts/leather...... $ 5 – $ 15 Swimsuit...... $ 1 – $ 6 Fishing rods...... $ 5 – $ 25 Curtains...... $ 2 – $ 12 Pictures...... $ 2 – $ 10 Belts/not leather.... $ 2 – $ 6 T-shirts...... $ 1 – $ 3 Golf clubs (each).... $ 2 – $ 25 Dish towel...... $ 1 – $ 2 Riding mower...... $ 50 – $ 300 Boots...... $ 6 – $ 18 Vests...... $ 1 – $ 3 Skates...... $ 3 – $ 15 Drapes...... $ 7 – $ 30 Coats...... $ 7 – $ 40 Skis...... $ 5 – $ 50 Mattress pads...... $ 2 – $ 8 Infants Dresses/evening Sled...... $ 5 – $ 15 Pillows...... $ 2 – $ 8 0 – 4T...... $ 3 – $ 5 wear...... $ 10 – $ 60 Tennis rackets...... $ 3 – $ 10 Quilts...... $ 8 – $ 24 Baby clothes...... $ 1 – $ 15 Dresses/everyday.. $ 4 – $20 Tricycles...... $ 5 – $ 20 Rugs...... $ 3 – $ 10 Note: The price ranges Coat to 4T...... $ 5 – $ 8 Hospital wear...... $ 3 – $ 5 Wagon...... $ 5 – $ 40 Sheets...... $ 2 – $ 8 shown represent a Intimate apparel..... $ 3 – $ 8 Electrical Items Tablecloth...... $ 3 – $ 5 compilation based on Furniture valuation guides published Jackets...... $ 4 – $ 12 Calculator...... $ 5 – $ 15 Throw rugs...... $ 3 – $ 12 Bed/complete by various charitable Jeans...... $ 4 – $ 21 Camera...... $ 20 – $ 200 Towels...... $ 2 – $ 6 (double)...... $ 50 – $ 170 organizations. You are Purses...... $ 3 – $ 20 Cell phone...... $ 25 – $ 100 Bed/complete Books and Multimedia responsible for establishing Shirts/blouses...... $ 2 – $ 12 Coffee maker...... $ 4 – $ 15 (single)...... $ 35 – $ 100 CDs...... $ 2 – $ 5 actual value of items Shoes...... $ 4 – $ 25 Curling iron...... $ 2 – $ 5 Bedroom set DVDs...... $ 2 – $ 5 donated. Shorts...... $ 1 – $ 9 DVD player...... $ 8 – $ 15 Hard cover books... $ 1 – $ 3 Skirts...... $ 3 – $ 12 (complete)...... $ 250 – $ 1,000 Charitable Contributions: Noncash FMV Guide Planning Tip: Most cell phones today can take pictures. Noncash Donation Tracker Take a picture of all items donated. Keep the electronic Items $ 500 or Less In Value pictures for proof the items were in good or better con- Date of Contribution(s): dition at the time they were donated.

Organization: Recordkeeping Rules for Charitable Contributions Address: To help substantiate a deduction for the fair market val- Condition: Fair Market Total Fair Market Item Qty. ue of used items donated to charity, make a list of each Good or Excellent Value Per Item Value item donated on a separate sheet of paper along with 1 $ $ the following information. 2 $ $ • Name and address of charity. 3 $ $ • Date item was donated to the charity.

4 $ $ • Description of each item donated. • Fair market value of each item at the time it was 5 $ $ donated (see the list on this page). 6 $ $ • Date each donated item was originally purchased or 7 $ $ acquired.

8 $ $ • Cost or other basis of each item donated.

9 $ $ Noncash Donation Tracker 10 $ $ Items $ 501 to $ 5,000 11 $ $ Date of Organization: 12 $ $ Contribution(s):

13 $ $ Address:

14 $ $ Item: How Item Was Acquired: 15 $ $

16 $ $ Fair Market Value: * Purchase Date: Purchase Cost: $ $ 17 $ $ Date of Organization: 18 $ $ Contribution(s):

19 $ $ Address: 20 $ $ Item: How Item Was Acquired: 21 $ $

22 $ $ Fair Market Value: * Purchase Date: Purchase Cost: 23 $ $ $ $

24 $ $ * T = Thrift Shop Value A = Appraisal C = Comparable Sales O = Other 25 $ $

Total Fair Market Value $ Contact Us There are many events that occur during the year that can affect No deduction is allowed for a charitable contribution your tax situation. Preparation of your tax return involves sum- of clothing or household items unless the clothing or marizing transactions and events that occurred during the prior household item is in good used condition or better. The year. In most situations, treatment is firmly established at the time the transaction occurs. However, negative tax effects can IRS is authorized by regulation to deny a deduction for be avoided by proper planning. Please contact us in advance any contribution of clothing or a household item that if you have questions about the tax effects of a transaction or has minimal monetary value, such as used socks and event, including the following: undergarments. • Pension or IRA distributions. • Retirement. • Significant change in income or • Notice from IRS or other deductions. revenue department. • Job change. • Divorce or separation. This brochure contains general information for taxpayers and • Marriage. • Self-employment. should not be relied upon as the only source of authority. • Attainment of age 59½ or 72. • Charitable contributions Taxpayers should seek professional tax advice for more information. • Sale or purchase of a business. of property in excess of • Sale or purchase of a residence $5,000. Copyright © 2020 Tax Materials, Inc. or other real estate. All Rights Reserved