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Your Donation and Taxes

Your donation and taxes

Goodwill Industries of Arkansas thanks you for your contribution. Goodwill Industries is a not-for-profit business that is registered with the IRS as a 501c(3) organization. Federal law permits Goodwill donors to claim tax deductions for many financial contributions and for donated clothing and household goods in good, used condition or better.

Each time you give, you will receive a donation receipt for use on your taxes. Or to pre-fill one out before you go, Click here. However, this receipt is not valid for tax deduction purposes unless signed and dated by a Goodwill donation attendant at the time of your donation.

Remember

• All donations to Goodwill are tax deductible to the extent permitted by law.
• Have our donation attendant sign your Receipt/Tax Record form.
• Goodwill does not keep permanent records of donations.
• You are responsible for placing a value on your donation.

How much is my stuff worth?

According to the IRS, it is the donor's responsibility to fill out the receipt and assess the donation's value. To help guide you, Goodwill Industries International has compiled a suggested list with price ranges for items commonly sold in Goodwill stores. See the valuation guide. Assume the items are in good condition, and remember—prices are only estimated values.

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 the property was held less than 12 months. Also, if you are claiming an item worth $500 or more, you must have the item appraised, and save the certificate of appraisal with the receipt in your tax records. Appraisals should be done before items are donated and payment of the appraisal is the responsibility of the donor.

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.