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Salvation army valuation guide Form: What You Should Know

I recommend using your own judgment and your money. THE SALVATION ARMY VALUE GUIDE FOR DONATED ITEMS The following is a list of the average prices of items held at the Salvation Army thrift stores, if the items are in good condition. New or expensive items High Low Salvation Army Thrift Store Donation Valuation Guide The Salvation Army Valuation Guide for Donated Items The following is a list of the average prices of items held at the Salvation Army thrift stores, if the items are in good condition. New or expensive items Salva.

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FAQ - Salvation army valuation guide

When I deduct items donated to charity on my tax return, what is the best way to value the clothing, household items?
The items are supposed to be valued at u201cfair market valueu201d - which is usually interpreted as what you could sell the items for at a garage sale, or maybe what a thrift shop would sell them for. Obviously there is a big difference between these two values, and caution says to choose a realistic value, preferably on the mid to low side. You also have to take into condition the condition of the item, itu2019s desirability and marketability. The Salvation Army has a valuation guide, as does the Helping Hand of Goodwill.Be cautious of using too aggressive pricing. There is a product called u201cItu2019s deductibleu201d which alleges to give market values to items. Donu2019t use it. The values are sometimes way out of whack, and a financial publication tested the product several years ago and found the values to be in excess of what new replacement items could be purchased for at some discount stores. Donu2019t rely on something that gives you inflated values which could be a flag for an IRS audit. Be conservative in valuation.
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