Donate a car and the IRS allows you, as a taxpayer, to claim a tax deduction of the value of your vehicle up to $500 or if you sell the car for more than $500 and then donate that amount to your favorite non profit charity you can complete an IRS tax form 1098-C and deduct the donation from your taxable income.
Car Donation is a wise decision and the IRS allows you to determine the value of your donated property. Here is a link to IRS Publication 4303 — A Donate Car Guide to Car Donations and the Deductible Process.
Car donations made to legitimate charitable organizations are tax deductible. Everyone’s individual tax deduction varies, before you make this decision to donate car, check with a tax professional to determine what if any tax benefit you may receive from a tax deductible donation. Car donations are conducted in all 50 states, so you can donate your car regardless of where you live.
Car donations are not limited to cars in running conditions. Running or not, there are options that allow for car donation even if the car must be towed away to receive car donation deductions.
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