TaxAct® is pleased to offer the Donation Assistant to assist taxpayers in determining the proper valuation of donated items and conform to the new IRS requirement for valuing donated items. The Donation Assistant uses valuations from CUCV, Inc (Certified Used Clothing Values) that are obtained from annual surveys of consignment and thrift stores throughout the United States and has over 1,300 items of clothing and household goods that are commonly donated.
These valuations are all in accordance with the IRS guidelines and TaxAct offers an audit protection guarantee (at no additional charge) for the valuations in the event you are audited concerning the amounts for your non-cash charitable contributions using the Donation Assistant.
To access the Donation Assistant, go to our Donation Assistant FAQ.