Should you sell this thing or just donate it and take the tax write-off?

Do you pay taxes in the United States? Well, then, let's do the math...


We will not save anything you enter into this form! This is just to help you do some calculations.

How you file your taxes
Your yearly income $ (A gross estimate will do, but entering your adjusted income — not including donating the item — will give the most precise answer)
Item's write-off value $ (aka "Fair Market Value". As ever, the IRS wants to help you figure this out, but only in the most painful way possible.)
Item's actual sale price $ (This form is set up for things you're selling for less than you paid for them, otherwise you'd owe capital gains tax which is a whole other thing)

You might be thinking to yourself that the write-off value should never be different from the actual sale price. While technically true, that fact requires the actual sale of the thing BEFORE calculating its fair market value. Obviously, if sold, it could not also be donated and written-off. So you see the problem here.

Single

0 9075 0 10 0
9075 36900 907.50 15 9075
36900 89350 5081.25 25 36900
89350 186350 18193.75 28 89350
186350 405100 45353.75 33 186350
405100 406750 117541.25 35 405100
406750 1000000000000000 118118.75 39.6 406750

Married Filing Jointly or Qualified Widower

0 18150 0 10 0
18150 73800 1815 15 18150
73800 148850 10162.50 25 73800
148850 226850 28925 28 148850
226850 405100 50765 33 226850
405100 457600 109587.50 35 405100
457600 1000000000000000 127962.50 39.6 457600

Married Filing Separately

0 9.075 0 10 0
9.075 36900 907.50 15 9.075
36900 74425 5081.25 25 36900
74425 113425 14462.50 28 74425
113425 202550 25382.50 33 113425
202550 228800 54793.75 35 202550
228800 1000000000000000 63981.25 39.6 228800

Head of Household

0 12950 0 10 $0
12950 49400 1295 15 12950
49400 127550 6762.50 25 49400
127550 206600 26300 28 127550
206600 405100 48434 33 206600
405100 432200 113939 35 405100
432200 1000000000000000 123424 39.6 432200