The Donation Process
TAXES AND YOUR DONATIONS
In December 2017, the United States Congress passed a new tax bill into law. While the new law did not affect returns for businesses or individuals for the 2017 tax year, it does change a number of tax provisions for 2018. Primarily, the new tax law practically doubles the standard tax deduction for most filers, which will make it a more attractive option to more Americans. The law does not change the fact that donors continue to be responsible for valuing their donations and that they may be able to deduct the value of those donations if they choose to itemize on their taxes. For any advice regarding the preparation of your taxes, please consult a reputable tax advisor.
Donating to local Goodwill organizations has, and continues to be, a way for people to help others in their community. Goodwill uses the revenue from donated items to create employment placement and job training to contribute to our mission. More than 101 million people in the U.S. and Canada donate to Goodwill, knowing their clothing and household goods will be put to good use.
When you drop off your donations at Goodwill, you’ll receive a receipt from a donation attendant. Hang on to this receipt. At the end of the year, if you itemize deductions on your taxes, you can claim a tax deduction for clothing and household items that are in good condition.
The U.S. Internal Revenue Service requires you to value your donation when filing your return. To get started, download our donation valuation guide, which features estimates for the most commonly donated items.