I could be way off on this, but... With the new standard deduction levels of $24000 for married/filing jointly you'll need a shitload of itemized deductions to beat that. If you don't have in excess of $24k in deductions I don't think donating it will help on taxes. Unless there's a way to donate it that takes it right off the top of the tax bill...and I don't think there is. Shouldn't be a difficult question for someone who actually knows about this stuff.