When you gift a security, there can be a difference between the gifted price and the amount you can deduct on your tax return. If you itemize your deductions on your tax return, you can deduct the value of charitable donations. To be more precise, you can deduct the value of any assets you give to registered charities. Donations include all kinds of valuable assets—money, food, clothing, property, and of course, securities like stocks and bonds. In order to include itemized deductions on your ...