Bags Large
For tax purposes, what should I list as the value of three large bags of donated clothing?
I know the actual value will be much less than what I paid for the clothes, but I'd say there were about 50+ pieces that I donated. At a rough estimate, (it's been months since the actual donation) I'd guess there were about 20 t-shirts, 20 nicer (work appropriate) blouses, 5 skirts and 5 pairs of pants. H&R Block recommends estimating the value based on what a thrift store would sell them for. Any idea what that might be? Thanks in advance.
Uh, you can't just GUESS what was in the bags, you need to have kept a list of what was donated.
The value is what they'd likely sell for in the thrift store. Tshirts might be around $2 each, blouses $3-10, skirts $5-10, pants $4-8. Or walk around your local thrift store and see what similar items sell for.
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