What is the FMV of donated clothing?

Typically 5–30% of original retail price depending on condition. Goodwill valuation guides are commonly used: good condition mens suit: $7–$35; good condition sofa: $25–$75. IRS Publication 561 provides guidance.

When is Form 8283 required?

For non-cash donations over $500. For single items or groups over $5,000, a qualified appraisal is required and the appraiser must sign Part III of Form 8283. Over $500,000 requires attaching the full appraisal.

Can I deduct the full market value of appreciated stock donated to charity?

Yes. Donating long-term appreciated stock to a public charity allows a full FMV deduction and avoids capital gains tax entirely — a double benefit not available when donating cash or selling first.

Charitable Deduction FMV Calculator

Estimate fair market value (FMV) deductions for non-cash charitable contributions — clothing, furniture, electronics, vehicles. IRS requires FMV at time of donation, not original cost.

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$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How to Use

Enter the values for the scenario you are assessing. Estimate fair market value (FMV) deductions for non-cash charitable contributions — clothing, furniture, electronics, vehicles. IRS requires FMV at time of donation, not original cost. Use the charitable fmv result to inform your calculation.

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Charitable Deduction FMV Calculator

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Frequently Asked Questions

What is the FMV of donated clothing?

When is Form 8283 required?

Can I deduct the full market value of appreciated stock donated to charity?