What is the maximum charitable deduction for a single Goodwill receipt? This is an on going debate with my fellow CPA's. My understanding is $250

Forum|Forum|6 years ago
December 7, 2019
6 replies
49 views

The client is still responsible for a detailed list of items. Over $250 the orgainzaiton has to acknowledge the items and the value. Every year, I get the client that gives me a "hang on the door" receipt and wants to claim $1500.

ProSeries Professional

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Best answer by abctax55

The *maximum* is what was actually donated (in good condition) at the FMV. There's no limit to what one can donate to Goodwill.

BUT, I require my clients to document what, when, where, FMV on that receipt 'hung on the door' if it gets into big bucks (I consider $ 1500 big...)

abctax55Answer

Level 15

The *maximum* is what was actually donated (in good condition) at the FMV. There's no limit to what one can donate to Goodwill.

BUT, I require my clients to document what, when, where, FMV on that receipt 'hung on the door' if it gets into big bucks (I consider $ 1500 big...)

HumanKind... Be Both

IRonMaN

Level 15

What is a "hang of the door" receipt?

Slava Ukraini!

Just-Lisa-Now-

Intuit Community Champion

What kind of documentation are they bringing you? Itemized list with FMV pricing, photos of the items donated?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

T

TaxMonkey

Level 7

$250 is the max cash deduction without a statement from the charity.

The max non-cash without an appraisal is $5,000, although you could argue that you donated items that were in different categories, each under $5,000. Such as $4,000 worth of clothes and $4,000 worth of furniture, for $8,000 total with no appraisal.

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