⏰ Tax Deadline: December 31
Donations must be COMPLETED by Dec 31 to count for this year's taxes
Why Donate Before December 31?
To claim a charitable tax deduction for this year, donations must be completed by December 31. This is the IRS deadline. No extensions.
Donating designer clothing to OnlyFuego (a 501(c)(3) nonprofit) lets you deduct the fair market value from your taxes. A $3,000 designer dress might save you $500-$1,000+ on your tax bill.
High-Value Items We Accept
👗 Designer Dresses
Evening gowns, cocktail dresses. Deduction: $500-$2,500/dress
💍 Fine Jewelry
Statement pieces, luxury watches. Deduction: $1,000-$10,000+
💒 Wedding Dresses
Designer bridal gowns. Deduction: $500-$3,000/dress
👜 Designer Handbags
Chanel, Hermès, LV. Deduction: $500-$5,000+/bag
🕰️ Vintage Fashion
1960s-90s designer. Deduction: $200-$2,000+
👔 Men's Formal
Designer tuxedos, suits. Deduction: $200-$1,500
Estimate Your Tax Savings
Your actual savings depends on your tax bracket:
Example: $3,000 wedding dress + $2,000 designer pieces = $5,000 deduction. In 24% bracket = $1,200 tax savings.
December Donation Timeline
NOW - Dec 15: Ideal
We process your shipment and email your itemized 501(c)(3) receipt before the deadline.
Dec 16-25: Getting Busy
Still time, but scheduling fills up. We prioritize early requests.
Dec 26-31: Last Minute
Expect delays. Consider shipping directly to us.
IRS Documentation Requirements
Under $250
Receipt from nonprofit (we provide) + bank record.
$250-$500
Written acknowledgment stating value. We handle automatically.
$500-$5,000
Form 8283 Section A with your tax return. Our donation value guides include comparable-sales data to support your fair market value estimate.
Over $5,000
IRS requires an independent qualified appraisal from a credentialed appraiser (not the receiving charity). We can refer you to specialists.
Common Questions
When exactly must donation be completed?
By midnight Dec 31. "Completed" = we have physical possession. Ship early!
What if I don't have original receipts?
Not required. Our value guides include comparable-sales data you can use to support a reasonable fair market value when you file.
Can I claim what I originally paid?
No. IRS requires fair market value, typically 30-50% of original price.
What if I miss December 31?
You can still donate. It just counts toward next year's taxes instead of this year's.
More Donation Tax Guides
See our complete clothing donation tax deduction guide for IRS rules, documentation requirements, and fair market values for all item types.