The Donation Value Guide below helps you determine the approximate tax-deductible value of some of the more commonly donated items. Generally, you can donate money or property to charity.A deduction is usually available for the fair market value of the money or property. Your nonprofit organization may be eligible for a full or partial property tax exemption depending upon how the property is used. We've created this stepbystep guide on everything you need to know about creating a donation receipt letter for tax purposes. Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Password does not match. How to use charitable tax deductions. Explore techniques like bunching donations and donating non-cash assets for optimal deduction benefits. When you donate goods to The Salvation Army, all donation proceeds are used to fund our Adult Rehabilitation Centers.