How to Value Eyeglasses As Donated Items
Once your prescription changes and you change to a new pair of eyeglasses, you do not have to toss the old pair into a drawer or cabinet. Instead, you can donate the glasses to a charitable organization. Charities accept glasses to give to people that have financial difficulties affording their own. When you donate your used eyeglasses, you can typically claim the donation on your taxes. The amount you can claim is the fair market value of the glasses.
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Instructions
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Inspect the eyeglasses for any damage to the frames. The lenses will be removed by the charity, which leaves them worthless. The only part of the glasses with value are the frames. If there is damage, such as a crack, it decreases the value.
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Visit some yard sales in your local area to see if anyone is selling a used pair of eyeglasses. If so, write down the asking price. Fair market value is determined by knowing the price a buyer would pay for the item on the open market.
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Browse listings on eBay and Craigslist to gather more pricing data. If you have designer frames, look specifically for the same type of frames to get a more accurate value. Write down the prices you find.
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Compare the list of prices that you have written down. By looking at the pricing data you gathered, you can determine the most popular selling price for used eyeglasses. This tells you the current fair market value of the glasses, which is what you can claim on your taxes per the Internal Revenue Service.
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