Based on IRS regulations, it’s up to donors to document and assess the value of all donations to Goodwill. If you donate during Goodwill Store and Donation Center regular hours, an attendant will offer you a donation receipt to keep for your tax records. According to the IRS, it is the donor’s responsibility to fill out the receipt. For guidance on tax deductibility, please see your accountant or tax advisor.
- All donations to Goodwill are 100 percent tax deductible.
- Goodwill does not keep permanent records of donations.
- You are responsible for placing a value on your donation.
Documents required for IRS
Property worth $500 or less – Noncash donations of $500 or less are claimed directly on Schedule A. Retain your donation receipt with the donor’s name, address, date, list and values of items in your files.
Property worth more than $500, but not more than $5,000 – Noncash donations over $500 are claimed by filing IRS Form 8283, Non-cash charitable contributions. Report the organization, item description, date and value of gift and the method of determining the value for each item. For items over $500, also report the acquisition date and how it was acquired and your cost basis. Retain your completed donation receipt and any related supporting information in your files.
Property valued over $5,000 – Report noncash donations over $5,000, whether a single item or several similar items, on IRS Form 8283, Non-cash charitable contributions. A qualified appraisal is generally required and should be attached to your tax return. The appraiser and a representative of the donee organization must sign Form 8283. Goodwill does not perform appraisals on any donations. Retain your completed donation receipt and copies of all supporting document in your files.