Is donating books to the public library TAX DEDUCTABLE?

Question

Is donating books to the public library TAX DEDUCTABLE?

Answer 1

The above answers are correct, but I will add: not only should you not expect the library to value the items for you; you should expect them not to do so.

Most libraries have policies prohibiting them from appraising donations.  In fact, most policies prevent the library even from recommending an independent appraiser.  I am told that these policies are designed to avoid a conflict of interest.

Answer 2

Yes you may be able to take a deduction if you itemize your deductions on Schedule A.  You should make a very detailed inventory and do a little research as to the value of the books.  You may be able to go to a used book store with the list and get them to value the items before you donate them.  Get a receipt from the Library but don't expect them to value the books for you.

Answer 3

Yes, essentially all public libraries are 501(c)3 organizations.  To deduct the donation, get an itemized list - if you prepare a list of the books, someone will sign it.

The amount of the deduction is what the library would sell them for at their booksale, usually around a dollar or two per hardback, and maybe 50 cents per paperback.  You can't deduct what you paid for them.

Answer 4

Yes, on your Schedule A - Itemized Deductions if you have enough to itemize.  Any donation to a charitable organization listed by the IRS, or to a church, or to a government entity is tax deductible.  Get a receipt from them, and evaluate their value by what you could get selling them at yard sale or what a used book store would pay you.

Answer 5

It is. You need a receipt. You also need to qualify to itemize your taxes for it to make any difference.