Goodwill | Salvation Army | Non Cash Donations
Non Cash Donations, such as clothing, household items, cars, boats, and airplanes, may be deducted on your income tax return if you itemize deductions and donate them to a qualified organization. However, you should keep substantiation for all non-cash donations and must file Form 8283 if they all total over $500.
Household items include furniture and furnishings, electronics, appliances, linens, and similar items. Clothing should be in at least good used condition.
Non Cash Donations of qualified vehicles listed above, if over $500, requires a Form 1098-C from the receiving qualified organization. Your deduction will be the smaller of: gross proceeds from sale of vehicle by the organization or vehicle’s fair market value on date of contribution. If vehicle’s FMV was more than your cost or cost basis, you should reduce the FMV to figure your deductible amount.