Donating a timeshare
Varies
Can You Write Off Donating a Timeshare?
Short answer: Yes but often small: you deduct the fair market value, which for timeshares is usually far below what you paid.
Itemizers deduct gifts to 501(c)(3) charities (from 2026, only the part above 0.5% of AGI); non-itemizers can deduct up to $1,000 ($2,000 joint) of cash gifts starting in 2026.
Records to keep: Keep receipts, statements (1098, 1098-T, 1099, W-2G), and a note of what each cost was for. Compare itemizing to the 2026 standard deduction before you claim.
Donating a timeshare
Varies
Individuals / Personal Taxes
Yes but often small: you deduct the fair market value, which for timeshares is usually far below what you paid.
Business justification
Yes but often small: you deduct the fair market value, which for timeshares is usually far below what you paid. Itemizers deduct gifts to 501(c)(3) charities (from 2026, only the part above 0.5% of AGI); non-itemizers can deduct up to $1,000 ($2,000 joint) of cash gifts starting in 2026.
Category
- Personal Tax Deductions