Go to a Thrift Store and see what they charge for used items. I paid $5 for a $100 pair of Miss Me jeans. I paid $6 for a pair of tennis shoes worth $125 new.
I was told the same thing by a CPA who prepared my taxes. Padding donations is, IMO, an At Risk deal. If you ever have to prove a deduction that is ridiculous.
I’ve used eBay to see what things are selling for.
Ok, Ok...... here’s the reasoning
For an average donation of clothing the IRS guy advised the 25% was a good approximation for fair market value
I would think for the donation to be valid, Princess Gray Beaver is required to provide a receipt from the agency receiving the donation
I use a program that provides the “value” for most things, based on my assessment. I generally just pick the worst assessment, so I feel pretty safe in my donation valuations.
Remember when Bill Clinton was taking tax deductions for his used underwear?