Receive the maximum tax deduction when you donate to our IRS recognized 501 (c)(3) charity . Thousands of donors have taken advantage of the tax saving benefits of donating a car or vehicle through our program.
Allowable IRS Charitable Tax Deduction:
- If the vehicle is sold for less than $500 you can claim the fair market value of your vehicle up to $500 or the amount it is sold for if less than fair market value.
- If the vehicle sells for more than $500, you can claim the exact amount for which the vehicle is sold.
You will receive a receipt at the time your car or vehicle is sold (typically within 30 days) stating the exact amount of the sale.
Helpful IRS Publications and Forms:
- A Donor’s Guide to Car Donations (IRS Publication 4303. An excerpt regarding new tax law information. Revised February 2006)
- Charitable Contributions (IRS Publication 526. An excerpt regarding non cash charitable contributions. Revised December 2005)
- Determining the Value of Donated Property (IRS Publication 561. An excerpt regarding fair market value. Revised October 2005)
- Form 8453 (Form you will need to mail to the IRS along with your car donation Tax Deductible car donation receipt when E-filing
- Form 1098-c (This form is for informational purposes only. You do not need to complete this form. Simply attach the car donation tax deductible receipt to your tax return documents)
- All Tax Information (A link to the IRS website)
We do not provide tax advice. Information from IRS.GOV
Frequently Asked Car Donation Questions:
- What date will be reflected on my tax deductible car donation receipt?
A: The date you called or submitted a donation form request online - Can I receive a tax deduction for a car or vehicle that is not running or inoperable?
A: Yes. Even cars and vehicles that don’t run or are inoperable are of value to charity. IRS regulations allow the donor to determine the fair market value up to $500 - Does it effect my tax deduction if I accept a vacation package as an incentive for donating my car or vehicle?
A: Yes. The fair market value of the incentive must be deducted from the car donation tax deduction amount - Am I required to complete and submit IRS Form 1098-c?
A: No. Simply attach the car donation tax deductible receipt that you received for your car or vehicle donation to your tax return documents
