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Tax Deductible Gifts

Usually a gift of books or other material will qualify as a deduction for income tax purposes. The responsibility for establishing the fair market value of an item lies with the donor. Donors may wish to refer to the IRS Department of the Treasury publication, "Determining the Value of Donated Property" (.pdf, .html), Publication 561 in the IRS Forms and Publications series.



The University Libraries do not provide tax advice. A donor seeking to claim a deduction for a gift (s) valued at $500 or more in one calendar year must file an IRS Form 8283. Gifts valued at $5,000 or more, an appraiser must complete the appropriate section of the form.


Tax form