or Connect
Styleforum › Forums › Men's Style › Classic Menswear › Donating clothes in DC
New Posts  All Forums:Forum Nav:

Donating clothes in DC

post #1 of 3
Thread Starter 
I'm thinking of donating some clothes in DC and wanted to ask any DC forumers for a little advice. Is there a place to donate to get a tax-deduction receipt? How much is one supposed to state as the value of the garments donated -- is it a guesstimate of depreciation or a Willie Brown-style full-price quote? Thanks in advance. I have before donated some stuff in some of the collection bins in the area but thought I'd check in here.
post #2 of 3
My wife and I use Value Village. I don't have any idea what they are or do; I just know that twice a year they call us to say they're going to be doing pick-ups in our neighborhood in the following week and ask whether we'll have anything. We put out the stuff in a bag on our front porch and they pick it up, leaving a receipt in the mail slot. (The receipt is always blank, for us to fill in.) The best part about it is how easy it is -- I don't have to take the clothes anywhere. For value, I've always followed the tax return rule of "thrift shop value." When the value of the non-cash donation is more than a set amount -- $600 I think -- you have to include with your 1040 another form (a 2106 IIRC). On that you have to state what the basis is for your valuation, and I was counseled many years ago that the basis to include on that line is "thrift shop value." I always value things donated based on what I think they're worth -- depreciated value, not on what some clueless thrift shop store clerk thinks my outgrown Turnbull shirt is worth. Thinking about it, I suppose a good measure might be what you could sell it for on EBay (on a good day, of course). So, for a Brooks Brothers dress shirt in perfect condition for which I paid $70, I may list having a value of $20 or $25. A Zegna suit that is still in good condition but getting a bit weary I may value at $150. $200 if it's in particularly good condition. There's also a huge Goodwill drop-off location off of Route 50 in Virginia (Arlington perhaps?). I've taken all kinds of furniture, books, etc. there. They accept anything that isn't clearly junk. They will give you a receipt too.
post #3 of 3
Thread Starter 
thanks.
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Classic Menswear
Styleforum › Forums › Men's Style › Classic Menswear › Donating clothes in DC