How to Find Out How Much Donated Clothes Are Worth for Tax Deductions
- 1). Examine the condition of the clothing you want to donate. Donated clothing must be in good condition to qualify for a deduction. According to the IRS, you cannot deduct the value of clothing or other items unless they are "in good used condition or better."
- 2). Check old receipts. One valuation method is to value donated clothing at about 25 percent of the purchase price.
- 3). Check an online value guide. Some charitable organizations feature an online value guide for commonly donated items. These guides are often separated into women's, men's and children's clothing. Suits and coats are among the most valuable clothing for men or women. Children's clothing is generally valued at less than similar adult items.
- 4). Ask about value when donating. Staff at the charitable organization accepting your donations can often provide a general estimate of the price. They also can give you a receipt for your records. They will not assign values to the donated items on the receipt. Assigning values is your responsibility.
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