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IRS FORMS: FORM 8283
Reporting Noncash Charitable Contributions on Form 8283
What is IRS Form 8283? Learn the basics of Form 8283 and reporting additional taxes on tax advantaged accounts.
What is Form 8283 used for?
Form 8283 is used to report noncash donations exceeding $500. If you are claiming a charitable contribution deduction and have a significant amount of noncash donations, you may be required to file Form 8283 as well as the Schedule A.
Donations made by check, credit or debit card, or cash do not need to be reported on Form 8283. If you have personal expenses for volunteer work, these expenses are reportedly similarly to cash donations. Form 8283 is only used for the donation of goods, securities, vehicles, real estate, and other noncash assets to qualified organizations.
Do I need to file multiple copies of Form 8283 if I made several donations?
If you made several cash donations, you only need to aggregate them and report them on Schedule A. However, noncash donations that exceed $500 total or that require an appraisal require Form 8283.
For example, you are moving and donating a significant amount of personal property. You estimate that you have donated $750 worth of clothing and household items in multiple trips to Goodwill, and you also donated your car to charity with a blue book value of $2,000. You would need to file one Form 8283 and include the Goodwill donations, and the vehicle donation.
Both go in Part I of the form since their fair market value is less than $5,000. For vehicle donations that exceed $500, there must be written acknowledgement from the donee, which is typically reported on Form 1098-C with Copy B furnished to the donor.
The name of the charity and description of donated property must be included. If each individual trip to Goodwill was valued at less than $500, additional information on how much you paid, how you acquired these items, and fair market value does not need to be supplied on Form 8283.
Am I required to get an appraisal if I file Form 8283?
If your noncash donation is valued at less than $5,000, an appraisal is generally not required. However, if the value is $5,000 or greater, a qualified appraiser must fill out Part IV. In some cases, the donee must also fill out Part V which acknowledges their receipt of the property. This is more common with high-value donations such as art and real estate.
Even if your noncash donation is less than $5,000, you are required to have written substantiation from the charity for any noncash donations exceeding $250. For clothing and household items in particular, they must be in good condition and several charities will have valuation guides for items that are commonly donated.
If a single donation or aggregate number of donations throughout the year is estimated to exceed $500, you should keep an inventory of these items as well as pictures in the event your donation record is examined. A qualified appraisal is recommended for donated household items exceeding $500 regardless of condition, if you plan to donate several items.
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The Money Today Guarantee is only available to clients who (i) are approved for an Early Tax Refund Advance loan; and (ii) elect and are eligible to receive loan funds on a prepaid card. Loan available during hours of operation. Hours vary by location. Loan application must be submitted by 11pm local time. If funds are not credited to your card before 12am local time, Jackson Hewitt will credit $50 within 2 weeks to your card if available or provide you a $50 eGift card. Fees, terms, and conditions apply to the prepaid card. The Early Tax Refund Advance (ETRA) is a loan secured by, and paid back with, your tax refund and is offered by First Century Bank, N.A. Loan amounts are determined by your expected federal refund, less authorized fees and underwriting. Loan amounts are $300, $500, $1,000, and $1,500. To be eligible for the $1,500 ETRA loan, your expected federal refund, less authorized fees, must be at least $5,000. Most common ETRA loan amount approved is $300. ETRA loan is subject to underwriting and approval. Loan proceeds are typically available on the same day of approval, if disbursed on a prepaid card offered at Jackson Hewitt offices, or in 1-5 business days with direct deposit. Terms and restrictions apply. For details visit jacksonhewitt.com/loans. Jackson Hewitt is a Rhode Island Licensed Loan Broker and holds other relevant licenses for the locations where this product is offered. If approved, a finance charge applies except for residents of CT and NE.
