Determining Fair Market Value for Donations

How can I determine the fair market value for a car seat, infant swing, infant walker, and exercise equipment?

By kb from Cincinnati, OH

Answers:

Determining Fair Market Value for Donations

I use to work for donations at a Goodwill. This was the most asked question. These places are not allowed to put a price on your items, but make sure that you do get a receipt on every visit. It is up to the person donating to keep a $ value on the items. I'm not sure, but I think the tax laws have changed as far as how much you can write off.

Be sure to check into that. If you go to www.bankrate.com, they have a guide for you. Just put donation valuation guide into their search box and it will come up. I believe it is the first on the list. Good luck! (02/22/2011)

By Mary

Determining Fair Market Value for Donations

Use the Google search engine and find the website for the Salvation Army or Goodwill. One of these sites provides a list of donations such as clothing, furniture, etc. and gives you the fair market value of each. (02/22/2011)

By Marjorie