How much can you deduct for gently used goods donated to Goodwill? The IRS allows deductions based on the fair market value of gently used items. When determining this value, consider both the original quality of the item and its age.

For an item to qualify for a deduction, the IRS requires it to be in good condition or better. Our donation value guide lists estimated values for items in conditions ranging from good to like-new.

If the item you’re donating isn’t listed, you can use this calculator or estimate 30% of the item’s original price to determine its fair market value.

Fair Market Calculator

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Disclaimer: The values calculated here are estimates based on a percentage range of 20% to 30% of the selected amount. Many variables such as condition, demand, and market trends determine the actual fair market value. Please consult an expert for more accurate pricing. Read more on IRS Guidelines on Determining Fair Market Value