Berkeley CSUA MOTD:Entry 48702
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2007/11/27-30 [Reference/Tax] UID:48702 Activity:low
11/27   I have a lot of used, but clean and high quality clothing. It's
        not Prada or anything, but lots of name brands like Express are
        included. I usually donate this to charity, but is there a good
        way to sell it? Is selling stuff like that worth your time on
        eBay or Craiglist? There's probably a couple thousand dollars worth
        (retail price).
        \_ My wife takes stuff like this to Buffalo Exchange first and then
           gives the rest to Goodwill (and gets a receipt for tax deduction
           purposes). -ausman
        \_ If you have a high enough tax burden, you could donate the clothes
           and write them off, getting full value for the clothes for the
           writeoff.
           \_ Can I really write them off at full retail value?
              \_ sure, if you don't get audited.  -tom
                 \_ I seem to recall that last year the IRS was threatening
                    to audit suspicious goodwill donations much more
                    aggressively, due to the number of people abusing the
                    deduction in this manner. -jrleek
              \_ http://www.goodwillpromo.org
        \_ My wife takes all of our used clothing to Buffalo Exchange first
           and then donates the rest to Goodwill. Goodwill will give you
           a receipt for their fair market value (not new value) that you
           can use to write off taxes. -ausman
           \_ Does Buffalo Exchange actually buy anything or is it a waste
              of time? They seem picky about what they will take. I
              usually donate to Salvation Army, because Goodwill in my
              area is difficult to deal with (they get more donations than
              they can handle and they act like it).
              \_ Sure they're picky, they only buy what they can sell at a
                 markup, but my wife has made some money there.  They usually
                 only take a little of what you bring it, but it's more than
                 you get from goodwill.  -jrleek
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www.goodwillpromo.org
If you are a taxpayer who itemizes deductions on federal tax returns (uses the long form), you are entitled to claim a charitable deduction for all financial and material donations to Goodwill Industries. According to the Pension Protection Act of 2006, you may claim a deduction only for items that are in good condition. The US Internal Revenue Service requires donors to value their Goodwill Logo items and says you may deduct the fair market value of each item. To help guide you, following are price ranges for items sold in Goodwill stores. Prices are only estimated values, and assume that the items are in good condition. Please call the number above for information on the Home Pick-up Policy in your area. Last Updated on 02/24/04 Make An End-Of-Year Tax-Deductible Donation!