Car Donation Tax Deduction Information

The car donation tax deduction information that you're looking for.  How the IRS views the tax deductible vehicle donation that you make.  Donating a car to our Cars For Kids Cancer program is a great way to get a tax deduction for that vehicle.  We make it really easy to donate a car and receive a great tax deduction, while helping children and families.  It's as easy as giving us a call or by using our online auto donation form.

car donation

Getting that tax deduction for donating a car to charity

At the time of pick up, you will receive a donation receipt on the spot.  Shortly there after, you will receive an IRS form 8283 and a 1098C (if applicable) in the mail.

Our auto donation program makes it easy to get the maximum possible tax deduction for your automobile donation!  If you haven't seen our Guide on Car Donations, check it out.

We take care of everything.  We'll tow your car, sell it, and the proceeds from that sale will benefit children with cancer.  You'll receive a 100% tax deductible receipt on the spot.

car donation tax deduction

In most cases, people that itemize deductions (like property taxes, gas mileage, etc) on their tax return can utilize the tax deduction from donating a car.  Be sure to check with your tax adviser or accountant to see how it will benefit you.

  • If the donated car is sold for less than $500, you may claim the fair market value of the car (up to $500) or the amount of money it sold for.  See the Kelly Blue Book "What's My Car Worth" as a guide for the private party value of your car.
  • If your donation sells for more than $500, you may claim the amount it was sold for.
  • For those cars that sell for more than $500, the sale amount is stated on the notification that is mailed to you.
  • Sometimes, a donated car will be used to further our charitable purpose.  If that's the case, you may claim the Kelly Blue Book, Private Party Value

Be sure to look at IRS publication 4303, it details the valuation of donated vehicles.

Don't forget to take a look at IRS publication 526 (page 8) for those vehicles that are used for charitable purposes.

We have been processing car donations for over 12 years.  We have the experience and expertise to make the transaction as fast and easy as possible.  If you have any questions, please contact us, we're here to help!  The car donation tax deduction is really easy.

Car Donation Tax Deduction Information

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