Over fifteen million iPads sold in 2010. There will be a substantial number of iPad owners, including myself, who will upgrade to the iPad 2.
Many iPads will be retasked to other family members, or sold outright to cover part of the cost of a new iPad. However, there may be some iPad owners who would benefit more from the tax-deductible donation of an iPad to a school. With all sincerity, if the tax deduction of an iPad is worth more to you than the reduced price of an iPad on the market (Apple’s $100 price drop makes used iPads a less valuable commodity), consider donating your current iPad to a school (How about asking for it to be designated to your local music teacher?). You’ll get the deduction, and the teacher will get a device that can transform their instruction. Just make sure that you get documentation for the donation of the device.
This was on the IRS website:
Rules for Clothing and Household Items
To be deductible, clothing and household items donated to charity after Aug. 17, 2006, must be in good used condition or better. However, a taxpayer may claim a deduction of more than $500 for any single item, regardless of its condition, if the taxpayer includes a qualified appraisal of the item with the return. Household items include furniture, furnishings, electronics, appliances, and linens.