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Charitable Valuation Guide Salvation ArmyLowHighWomen 's Items Bathing Suit Bathrobe Blouse Boots Bra Coat Dress Evening Dress Fur Coat Handbag Hat Jacket Nightgown Pants Suit Shoes Skirt Slacks Suit.

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How to fill out the Charitable Valuation Guide - Salvation Army online

The Charitable Valuation Guide provided by the Salvation Army is an essential resource for individuals looking to donate items and receive appropriate valuations for tax purposes. This guide will help you navigate the process of filling out this form online efficiently and accurately.

Follow the steps to complete the Charitable Valuation Guide online.

  1. Click the ‘Get Form’ button to access the Charitable Valuation Guide and open it in a suitable editor.
  2. Review the items listed in the guide, which are categorized into women's items, men's items, children's items, appliances, and dry goods. Familiarize yourself with the valuation range provided.
  3. Enter the items you plan to donate in the appropriate sections of the form, ensuring that you match them to the valuation ranges listed.
  4. For each item, indicate the condition (such as new, gently used, or worn) as this may affect the valuation.
  5. After completing the list of items and their respective valuations, review the information for accuracy.
  6. Once you have finalized all entries, save your changes. You may also have the option to download, print, or share the completed form as needed.

Start filling out the Charitable Valuation Guide online today to streamline your donation process.

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The Salvation Army does not set a valuation on your donation. It's up to you to assign a value to your item. For professional advice, please consult your tax advisor. PLEASE NOTE: This list is not all-inclusive, and not all items are accepted at every location.

Individuals can elect to deduct donations up to 100% of their 2020 AGI (up from 60% previously). Corporations may deduct up to 25% of taxable income, up from the previous limit of 10%.

Noncash Charitable Contributions applies to deduction claims totaling more than $500 for all contributed items. If a donor is claiming over $5,000 in contribution value, there is a section labeled Donee Acknowledgement in Section B, Part IV of Internal Revenue Service (IRS) Form 8283 that must be completed.

The Salvation Army does not set a valuation on your donation. It's up to you to assign a value to your item. For professional advice, please consult your tax advisor. PLEASE NOTE: This list is not all-inclusive, and not all items are accepted at every location.

How much can you donate to the Salvation Army or Goodwill in one year? In any single tax year, you're allowed to deduct charitable donations totaling up to 50% of your adjusted gross income (AGI). If you donate more than that, the IRS will allow you to carry over these donations for up to 5 subsequent tax years.

Valuing Non-Cash DonationsDonations of items like clothing, cars, or household goods are assessed at the fair market value, or FMV. This is about how much you could get if you sold the items directly to a willing seller.

The Salvation Army does not set a valuation on your donation. It's up to you to assign a value to your item. For professional advice, please consult your tax advisor. PLEASE NOTE: This list is not all-inclusive, and not all items are accepted at every location.

To claim tax deductible donations on your taxes, you must itemize on your tax return by filing Schedule A of IRS Form 1040 or 1040-SR. For the 2020 tax year, there's a twist: you can deduct up to $300 of cash donations without having to itemize. This is called an "above the line" deduction.

Valuing Non-Cash DonationsDonations of items like clothing, cars, or household goods are assessed at the fair market value, or FMV. This is about how much you could get if you sold the items directly to a willing seller.

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