Deduct It! Deduct It! is updated each year to help you document and value your non-cash charitable donations for use on your individual tax return (Form 1040 Schedule A). Fair Market Values are researched within the last quarter of the prior year across the country in used clothing stores, thrift shops, online, and other methods. Our program meets all IRS regulations and is designed for you to document your donations as you’re boxing them up. The clothing section is broken down by type with individual lines by gender. All you may need is a calculator at year-end to add up your tax savings!