Thread: What to do with my books.
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Old 04-13-2010, 11:45 AM   #8
gastan
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Quote:
Originally Posted by dsvick View Post
If you donate the books to the library are they tax deductible (in the US)?
I am not a lawyer so this is not a professional opinion, but ...... I have been doing just this for many years. In fact the Portland, Oregon library gives you a receipt for you to use for your taxes. You need to itemize to take advantage of the tax break.

I only donate hardbound books and I claim 80% of the cover price as the deduction. I remove the dust cover and take very good care of a hardbound as I read it so it is always in "like new" condition when I donate it.

I have never been questioned about this practice. Of course, I am not in a mega-tax-bracket, either. I believe Turbo Tax even has a category for book donations in their It's Deductible software.
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