Close Menu
Fin Street NewsFin Street News
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech

Subscribe to Updates

Get the latest finance and business news and updates directly to your inbox.

Trending
I’m an Amazon tech lead who got promoted by building AI products. Here are my top vibe coding tips.

I’m an Amazon tech lead who got promoted by building AI products. Here are my top vibe coding tips.

March 13, 2026
Iran’s Shahed war is turning into a booming business for the world’s small drone manufacturers

Iran’s Shahed war is turning into a booming business for the world’s small drone manufacturers

March 13, 2026
Rosamund Pike says it was ‘important to cement’ her relationship by starting a family — not having a wedding

Rosamund Pike says it was ‘important to cement’ her relationship by starting a family — not having a wedding

March 13, 2026
Paying Too Much for Gas? These 10 Tips Will Help You Save Money

Paying Too Much for Gas? These 10 Tips Will Help You Save Money

March 13, 2026
Burned out after working in healthcare, she switched careers and started over in Hong Kong

Burned out after working in healthcare, she switched careers and started over in Hong Kong

March 13, 2026
Facebook X (Twitter) Instagram
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
March 13, 2026 3:35 am EDT
|
Facebook X (Twitter) Instagram
  Market Data
Fin Street NewsFin Street News
Newsletter Login
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
Fin Street NewsFin Street News
Home » Donation Value Guide: How To Value Goods You Give To Charity
Donation Value Guide: How To Value Goods You Give To Charity
Mortgages

Donation Value Guide: How To Value Goods You Give To Charity

News RoomBy News RoomJanuary 15, 20262 ViewsNo Comments

Key takeaways

  • If you donate household items to charity, you may be able to claim a tax deduction. But you must itemize your deductions to enjoy this tax break — you can’t claim it if you use the standard deduction.
  • The big tax bill that became law in 2025 created an above-the-line deduction for charitable contributions (“above-the-line” means you don’t have to itemize to claim that tax break). It goes into effect in 2026, but it’s only available for cash contributions. Donated household goods won’t qualify.
  • If you donate household goods and plan to itemize on your tax return, then use the guide below to figure out the value of your donated items.

Giving away items you no longer use can help others. And it can also help you, by lowering your tax bill. That’s because you get a tax deduction for your charitable contributions if you donate to a qualifying organization.

Generally, you must itemize your deductions to get a tax break for your giving.

Starting in 2026, there is a new above-the-line tax deduction for charitable giving — “above-the-line” means you don’t have to itemize to claim the deduction — but to qualify for this new tax break your contributions must be in cash. Giving household items won’t qualify for the deduction.

If you’re giving household items, here’s what you need to know to figure out the value of your donations and how to claim the deduction.

What to know before you donate and deduct

The first thing to keep in mind is that it’s your job to keep track of the items you give to charity so you can report their value to the IRS. Some tax software programs such as TurboTax will allow you to track your donations year-round on the platform.

Note-taking apps can also be used to scan and upload receipts, or you can go the old-school route and keep records in a folder. The best method for you is the one that will keep you organized and that you’ll stick to. (If you’re not sure what to do, consider consulting with a tax preparer.)

You’ll also have to make sure the items you’re ready to part with are in good enough shape to be donated. Donated clothing and other household goods must be “in good used condition or better,” according to the IRS’s charitable contribution guide. If you claim a deduction of $500 or more for a used item that’s not in good condition, the IRS says you’d better get an appraisal.

How to figure out the value of your donated items for taxes

Several of the most popular tax software programs will help you figure out the value of your donated items. If you need a quick estimate, the lists below give you an approximate value of commonly donated items as suggested in the Salvation Army’s donation value guide.

If you don’t see your item in the list below and an appraisal isn’t required, Goodwill recommends using 30% of the item’s original price as a good starting point for determining tax value.

Remember, generally you must itemize your deductions on your tax return to be able to claim a tax break for your donated goods. For context, when you do your taxes, you must choose between claiming the standard deduction and itemizing your deductions.

With the standard deduction worth $15,750 for a single filer in the 2025 tax year, up from $14,600 in 2024 ($31,500 for a married couple filing jointly in 2025, up from $29,200 in 2024), your total itemized deductions must add up to more than that amount for it to make sense to itemize deductions.

In other words, only people with hefty itemized deductions get a tax break for charitable contributions.

That’ll change come 2026 for cash contributions: That’s when the new above-the-line deduction for up to $1,000 of charitable donations ($2,000 for a married-filing-jointly couple) will be available no matter whether you itemize or claim the standard deduction. But, again, that new tax break doesn’t apply if you’re donating household goods.

How to deduct your donated goods

You don’t have to send in a list of donated items with your tax return. Just keep the information with your personal records and put the total contribution amount on your Schedule A (or your tax software will do it for you).

Be sure to get a receipt from the charity when you donate your goods — again, for your personal records. The nonprofit won’t put a dollar value on the receipt, but the paperwork will help you prove that you did, indeed, donate the property if the IRS asks.

If you make a single non-cash gift worth between $250 and $500 (for example, if you donate a vehicle), you’re required to have a receipt or a written acknowledgment of your gift from a qualified charitable organization.

If the total of all your contributed property comes to more than $500, you must file IRS Form 8283 with your tax return.

Donation value guide for 2025 and 2026

Men’s clothing

Item(s) Average price per item (low) Average price per item (high)
Jacket $8 $26
Overcoat $16 $62
Pajamas $2 $8
Raincoat $5 $21
Shirt $3 $12
Shoes $4 $26
Shorts $4 $10
Slacks $5 $12
Suit $16 $62
Sweater $3 $12
Swim trunks $3 $8
Tuxedo $10 $62
Undershirt $1 $3
Undershorts $1 $3

Women’s clothing

Item(s) Average price per item (low) Average price per item (high)
Bathing suit $4 $12
Bathrobe $3 $12
Blouse $3 $12
Boots $2 $5
Bra $1 $3
Coat $10 $41
Dress $4 $20
Evening dress $10 $62
Fur coat $26 $415
Fur hat $7 $16
Handbag $2 $21
Hat $1 $8
Jacket $4 $12
Nightgown $4 $12
Pants suit $7 $26
Shoes $2 $26
Skirt $3 $8
Slacks $4 $12
Slip $1 $6
Socks $0.50 $1
Suit $6 $26
Sweater $4 $16

Children’s clothing

Item(s) Average price per item (low) Average price per item (high)
Blouse $2 $8
Boots $3 $21
Coat $5 $21
Dress $4 $12
Jacket $3 $26
Jeans $4 $12
Pants $3 $12
Shirt $2 $6
Shoes $3 $9
Skirt $2 $6
Slacks $2 $8
Snowsuit $4 $20
Socks $0.50 $2
Sweater $3 $8
Underwear $1 $4

Household goods

Item(s) Average price per item (low) Average price per item (high)
Bakeware $1 $3
Bedspread/quilt $3 $25
Blanket $3 $16
Chair/sofa cover $16 $36
Coffeemaker $4 $16
Curtains $2 $12
Drapes $7 $41
Fireplace set $21 $83
Floor lamp $6 $52
Glass/cup $0.50 $2
Griddle $4 $12
Kitchen utensils $0.50 $2
Lamp $5 $78
Mixer/blender $5 $21
Picture/painting $5 $207
Pillow $2 $8
Plate $0.50 $3
Pot/pan $1 $3
Sheets $2 $8
Throw rug $2 $12
Towel $0.50 $4

Miscellaneous items

Item(s) Average price per item (low) Average price per item (high)
Bicycle $5 $83
Board game $1 $3
Book (hardback) $1 $3
Book (paperback) $1 $2
Cell phone $25 $100
Computer monitor $5 $51
Computer printer $5 $155
Computer system $104 $415
DVD $2 $5
DVD player/VCR $8 $16
Edger $5 $26
eReader $10 $50
Golf club (individual) $2 $26
Ice skates $3 $16
Luggage $5 $16
Mower $26 $104
Mower (riding) $104 $311
Radio $8 $52
Roller blades $3 $16
Sewing machine $15 $88
Stereo $16 $78
Stuffed animal $0.50 $1
Tablet $25 $150
Tennis racket $2 $5
Umbrella $2 $6
Vacuum cleaner $16 $67

Appliances

Item(s) Average price per item (low) Average price per item (high)
Air conditioner $21 $93
Dryer $47 $93
Electric stove $78 $156
Freezer $25 $100
Gas stove $52 $130
Heater $8 $23
Microwave $10 $50
Refrigerator (working) $78 $259
TV (color / working) $78 $233
Washing machine $41 $156

Furniture

Item(s) Average price per item (low) Average price per item (high)
Bed (full, queen, king) $52 $176
Bed (single) $36 $104
Bedroom set $259 $1,037
Chair (upholstered) $26 $104
Chest $26 $99
Closet $16 $52
Coffee table $16 $67
Crib $26 $104
Desk $26 $145
Dining room set $156 $934
Dresser w/mirror $21 $104
End table $10 $52
Kitchen cabinet $26 $78
Kitchen chair $3 $10
Kitchen set $36 $176
Playpen $4 $31
Rugs $21 $93
Sleeper sofa $88 $311
Sofa $36 $207
Trunk $5 $73
Wardrobe $21 $104
Did you find this page helpful?

Why we ask for feedback
Your feedback helps us improve our content and services. It takes less than a minute to
complete.

Your responses are anonymous and will only be used for improving our website.

Help us improve our content


Thank you for your
feedback!

Your input helps us improve our
content and services.

Read the full article here

Share. Facebook Twitter LinkedIn Telegram WhatsApp Email

Keep Reading

Mortgage Rates Rise Again On Iran News

Mortgage Rates Rise Again On Iran News

Debt Settlement’s Legal Loophole |

Debt Settlement’s Legal Loophole |

Home Equity Rates Hold Steady At Multi-Year Lows

Home Equity Rates Hold Steady At Multi-Year Lows

Should You Buy A Second Home? What To Consider

Should You Buy A Second Home? What To Consider

What Is Interest And How Does It Work?

What Is Interest And How Does It Work?

7 Best Ways To Send Money

7 Best Ways To Send Money

Building Financial Independence For Women Through Financial Literacy

Building Financial Independence For Women Through Financial Literacy

What Is A Cashier’s Check? Definitions, Uses, How To Buy One, Cost And Alternatives

What Is A Cashier’s Check? Definitions, Uses, How To Buy One, Cost And Alternatives

How To Choose A Bank That Agrees With Your Values

How To Choose A Bank That Agrees With Your Values

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Iran’s Shahed war is turning into a booming business for the world’s small drone manufacturers

Iran’s Shahed war is turning into a booming business for the world’s small drone manufacturers

March 13, 2026
Rosamund Pike says it was ‘important to cement’ her relationship by starting a family — not having a wedding

Rosamund Pike says it was ‘important to cement’ her relationship by starting a family — not having a wedding

March 13, 2026
Paying Too Much for Gas? These 10 Tips Will Help You Save Money

Paying Too Much for Gas? These 10 Tips Will Help You Save Money

March 13, 2026
Burned out after working in healthcare, she switched careers and started over in Hong Kong

Burned out after working in healthcare, she switched careers and started over in Hong Kong

March 13, 2026
The US is temporarily lifting sanctions on Russian oil, a key pressure point for the Kremlin’s war chest

The US is temporarily lifting sanctions on Russian oil, a key pressure point for the Kremlin’s war chest

March 13, 2026

Latest News

Here are 5 biggest takeaways from Lucid Motors’ bet on autonomy

Here are 5 biggest takeaways from Lucid Motors’ bet on autonomy

March 12, 2026
A Costco shopper is suing, saying members deserve a slice of any tariff refunds

A Costco shopper is suing, saying members deserve a slice of any tariff refunds

March 12, 2026
I tried one of Ina Garten’s easy sandwich recipes. It took 10 minutes to make and tasted way better than takeout.

I tried one of Ina Garten’s easy sandwich recipes. It took 10 minutes to make and tasted way better than takeout.

March 12, 2026

Subscribe to News

Get the latest finance and business news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2026 © Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.