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Fair Market Value of Donations

The IRS limits deductions on miscellaneous, non-motorized donations such as travel trailers, campers, jewelry, overstock items, furniture, etc. to the fair market value of donation items.

For vehicles, boat, and airplane donation, donors may claim fair market value up to $500. Donors may claim more than $500 but are limited to what Rawhide sells the vehicle, boat, or airplane for. To learn more about what you are entitled to claim, please review the tax laws page.

Determining Fair Market Value of Donations *

  • For vehicles, online resources (search Private Party values): Kelly Blue Book or Edmunds.
  • Classified Ads: You may save newspaper and/or magazine clippings to show the value of items similar to yours
  • It is our understanding that you may claim a full tax benefit for your donation by itemizing deductions on your tax return 1040**
  • In order to accurately determine your tax benefits and to ensure compliance with IRS requirements as they apply to your specific donation and circumstances, always confer with a qualified tax professional
  • If you believe your donation is valued at more than $5000 you are required to obtain a qualified appraisal on certain donations. For more information please talk with one of our Donor Service Representatives

Qualified Appraisals (Donations Valued Over $5000)

The IRS has limited Fair Market Value to the Private Party value which is the price at which property would change hands between a willing buyer and willing seller, neither being required to buy or sell and both having reasonable knowledge of all the necessary facts. In order to accurately determine your tax benefits, always confer with a qualified tax professional.

Some restrictions may apply for items that have appreciated in value and/or donors with adjusted gross income in excess of $100,000.