If you donate an old appliance, say a range, to the Salvation Army or other charitable organization, can you take it as a tax deduction? Yes How do you figure out how much it is worth? I check the newspaper to see what used appliances of this type are going for. Then I save the paper. I also look online at auctions. Additionally, you could see what the store sells that type of appliance for. You determine what you think the fair market value of the appliance is and deduct that amount. Just be able to back up your determination with paperwork; otherwise, you are stuck with what the IRS determines it is worth.TaxProf
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