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: You must justify the deduction with the receipt provided by Goodwill. The receipt should include the donor’s name, address, date and a list of items donated.
Property worth more than $500, but not more than $5,000: In addition to the receipt provided by Goodwill, you are required to complete IRS Form 8283, “Non-Cash Charitable Contribution.” This form will contain written records of how the property was acquired, and your cost basis if property was held less than 12 months. Also, if you are claiming an item worth $250 or more, you must have the item appraised, and save the certificate of appraisal with receipt in your tax records.
A single item valued at $5,000 or more, or several similar items donated in a single year whose value totals $5,000 or more: This donation must be appraised before the donation is made, and the appraisal must be obtained by the donor. Goodwill does not perform appraisals on any donations.