Car Donation

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Although advertised as an easy way to dispose of an old car, donors need to fulfill certain post-donation requirements to qualify for the tax deduction,[1] such as obtaining a written acknowledgment of the car's subsequent sale by the charity,[citation needed] and itemizing tax returns instead of taking the standard deduction.

For vehicles valued at less than $500, the deduction amount comes from the donor's own estimate of the car's value, even if the charity receives less money from its sale. Deductions greater than $500 are limited to the proceeds of selling the vehicle, usually at auction. The U.S Internal Revenue Service advises that starting in 2005:
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Additional Information

Updated
October 20, 2018
Size
3.1M
Installs
10,000+
Current Version
1.4
Requires Android
4.1 and up
Content Rating
Everyone
Permissions
Offered By
DcCreation
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