One great way to lower your tax bill is to make material goods donations to a favorite charity. Be sure to start early and to value your goods appropriately. One question that often arises concerns the donation value of particular goods. To address this, below is a listing of goods and their respective high end amounts you should deduct for each. The low end amount for each is 25-50% of the listed high end price.
Air Conditioner | $90 | Bedspreads | $24 | Blankets | $8 |
Dryer | $90 | Curtains | $12 | Drapes | $40 |
Gas Stove | $125 | Pillows | $8 | Sheets | $8 |
Heaters | $220 | Throw Rugs | $12 | Towels | $4 |
Radio | $50 | Bed (dbl) | $170 | Bed (sgl) | $100 |
Refrigerator | $250 | Chest | $95 | Bedroom Set | $1,000 |
T.V. (B/W) | $60 | China Cabinet | $300 | Coffee Table | $65 |
T.V. (Color) | $225 | Crib | $100 | Sofa bed | $300 |
Washing Mach. | $150 | Dining Rm Set | $900 | Desk | $140 |
Bicycles | $65 | Dresser | $100 | End Tables | $50 |
Boots | $20 | Floor Lamp | $40 | Folding Beds | $60 |
Dresses | $12 | High Chair | $50 | Kitchen Chair | $10 |
Jackets | $25 | Kitchen Set | $170 | Mattress (dbl) | $75 |
Jeans | $12 | Play-Pen | $30 | Mattress (sgl) | $35 |
Shirts | $6 | Sofa | $200 | Rugs | $90 |
Shoes | $8+ | Wardrobe | $100 | Over Coats | $60 |
Skirts | $6 | Jackets | $25 | Pajamas | $8 |
Slacks | $8 | Raincoat | $20 | Shirts | $12 |
Sweater | $8 | Shoes | $25 | Slacks | $12 |
Underwear | $3.50 | Sweaters | $12 | Suits | $60 |
Swim Trunks | $8 | Under-shirts | $3 | Bathing Suits | $12 |
Blouse | $12 | Bras | $3 | Coats | $40 |
Dress | $19 | Evening Dress | $60 | Jackets | $12 |
Handbags | $20 | Hats | $8 | Nightgowns | $12 |
Shoes | $25 | Skirts | $8 | Slacks | $12 |
Slips | $6 | Socks | $1.25 | Suits | $25 |
Source: Salvation Army