As the leaves begin to change and summer high temperatures begin fading in memory, many begin focusing on the annual ritual of Fall Cleaning. Closets often hold hidden gems that still have a lot of wear. Goodwill offers a great place to drop off your gently used items and you benefit from the tax deduction for your donations. Unfortunately, many of us don’t know how to put a value on that slightly worn, but still stylish pair of shoes or a coffee maker that has served its faithful morning duty. To help identify how much tax deduction you can take for various items, Goodwill has created its Valuation Guide for Goodwill Donors. You can access it here. Simply refer to the chart, locate the type of item you’re donating and record the value. It reduces the need to recreate your tax-deductible donations at the end of each year.
