How much can you deduct for the used goods you gave to charity last year? The IRS allows you to deduct the fair market value of an item-- that is, the price it would sell for in a thrift shop. The quality of the item when new, as well as its age and present condition, must be taken into account, and may make the item worth more or less.
	Here's an up-to-date list of what various items are selling for at the thrift stores. To determine the value of items not on this list, the Salvation Army suggests taking 25% to 30% of the item's original price as its fair market value.
	New Law: Deductions for donations of clothing and household goods made after August 17, 2006, will be allowed only if the items are in "good used condition or better". The requirement is waived if the item is valued at over $500 and the taxpayer includes a qualified appraisal.
	Click here for a detailed list to value your donation