If you itemize deductions on your federal income tax return, the Internal Revenue Service allows you to deduct the “fair market value” of in-kind donations that are clean and in “good used condition or better” to qualified charitable organizations. The IRS defines “fair market value” as the price an item would sell for in a thrift shop. 2nd Chance Resale is prohibited by law to place a dollar value on your receipt. We have provided you with an average fair market pricing structure that may be used as a guideline. We recommend checking with your attorney or tax advisor for advice when donating items of high quality or value. For special guidelines see IRS PUB. 561.