Goodwill Donors Can Find Value at CharityDeductions.com

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how to value goodwill donationsA new partnership with CharityDeductions.com will give people who donate to Goodwill an easy and accurate way to value their donations for increased tax returns. From a link on Goodwill’s donate page, visitors are sent to CharityDeductions.com and offered a free trial for the first $500 in donation values received, as well as an exclusive discounted membership.

For people who visit a Goodwill donation center, attendants will offer dated receipts, but they cannot help donors place a value on the donated items for tax deduction purposes. Through this new partnership, CharityDeductions.com can fill the gap by providing fair market values for new and used items donated to charity, based on an extensive database of information from eBay.

With the Goodwill dated receipts and CharityDeductions reports in hand, donors can have the proper documentation to substantiate their itemized deductions and take full tax credit for their charitable giving.

“Whether you’re donating because it’s the season of giving or because you want to take advantage of the charitable deduction on your taxes, you’ll be helping Goodwill to help people achieve economic independence and a better quality of life,” said Jim Gibbons, president and CEO of Goodwill Industries International.

Donations to Goodwill are sold in local stores and online. The revenues then fund job training programs and support services that enable people from all backgrounds to obtain and maintain economic independence and an increased quality of life. In 2009, nearly 2 million people benefited from Goodwill’s career services. By giving to Goodwill, donors are playing a vital role in helping people go to work.

“We’re excited to partner with Goodwill,” said David Anderson, founder of CharityDeductions. “Our services and goals are a natural complement for one other. It’s our hope this partnership will encourage people to donate more because they can claim higher values than they would have guessed, save more on their taxes, and be able to substantiate the values used if they’re audited. Many Goodwill donors can easily save $200 or more on their tax bill by using our fair market values to increase their charitable deductions. We believe a membership should pay for itself or we offer it for free. Quite simply, CharityDeductions makes itemizing charitable donations easier, more accurate, and provides the documentation needed to back up your values.”

For more information visit Goodwill’s donate page or charitydeductions.com.

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