answersLogoWhite

0

The maximum tax deduction for an auto donation to any charity is the full value of the vehicle donated. You can not write off more than the vehicle's full value.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

How does someone go about giving to an auto donation charity?

Someone can go about giving a donation to a auto donation charity by contacting the charity through email, telephone, or visiting their office in person.


How do I go about making an auto donation to a charity?

First you have to find a charity in your area. After you have done that set up an appointment to have your auto donation picked up.


What happens when someone makes an auto donation to charity?

There are many things that can happen when someone makes an auto donation to charity. Many families that do not have a car could become equipped with one. There is also a program called Cars for a Cure and the auto donation will help cure cancer.


Where can one learn more about auto donation programs?

You can learn and gain more information about auto detonation programs by car dealerships, scrap yards and various charities that accept this kind of donation. Diabetes charity organization is a great auto donation charity and has a helpline that you can call to receive information about their programs.


Can I deduct my auto donation to charity on my taxes?

Yes, the IRS allows you to deduct your vehicle donation from your taxes. Visit IRS.gov for any forms you may need.


Will Goodwill accept my car donation, and are there any sites that will explain the car donation process to me?

Most charities will accept the donation of your vehicle. The vehicle is transfered to an auto auction company, which will sell the car at auction, then notify the charity of how much the car brought in. Funds will be transfered to the charity, minus the auctioneer's fee. You will then be notified in writing within 30 days of the amount for which the car sold. This is the amount you are allowed in terms of a tax deduction. The information is available online at a number of sites: www.charitywatch.org/articles/car.html


Do you get a tax deduction for gifting a vehicle?

ONLY to a qualified charity that is cerrtified to aaccept auto donations and provide the needed paperwork.


How do I make an auto donation to a charity?

Find a reputable charity that you support and visit their website so see if they accept car donations directly. Once you find one that does, you can either drive the car to the charity's donation center, or often they have someone who can come pick up the car from your home. After the donation, you will receive a receipt and you can write off the value of the car on your taxes.


How do I find a charity to offer an auto donation to?

There are many charities that accept auto donations. Some of the more recognizable include United Way of America, Goodwill Industries, VFW Foundation, and Salvation Army.


How do I make an auto donation to charity?

Start by checking with your local neighborhood charities. If they do not take cars, then you can call 1-800 CHARITY CARS and they will walk you through the process. Normally, they will send someone to pick up the vehicle.


How do I make an car auto donation to charity?

The are many retiable place that accept cars for donation. I live in Philadelphia and one of the biggest ones here is Purple Heart. They are very repitable and they will come to you hame and even tow the care away.


Wheels to Those In Need: Making a Sensible Auto Donation to Charity?

In these tough economic times, charities are being stretched thin with both the demand for services and the shortage of contributions. It’s both ironic and predictable that at a time of greatest need the resources are often at the lowest point. So often they have to do the best that they can with fundraising, and that may include methods that are beyond the direct cash transfer route. One way that people can help out worthwhile organizations is by making an auto donation to a charity. Donations of vehicles of all sorts, whether they are cars, RVs, or even motorcycles and snowmobiles can net a charity some much-needed funding and provide a tax deduction for those interested in this route. What does a charity do with my car? At first glance an auto donation to charity doesn’t add up. Even if a car is in perfect working order, some may wonder if the charities really have that many people to drive around. The answer is that they don’t use the vehicles for their own use. Most of the time in the case of cars that are running the charity turns around and sells the vehicle to a used car salesman who then refurnishes the vehicle and sells it back to the general population. With cars that are not drivable, some charities are able to break down the cars and sell the usable parts (either directly or, like the case for usable cars, through another person). Both of which will provide a much needed boost in income to these worthwhile charities without an individual donor having to put out cash that they may not have at that particular time. Where to donate? Thanks to the internet finding a reputable place to make an auto donation to charity is easy. Sites can be found with a quick search and then checked against the IRS web site. There are also charity checkers online that can assure you that your charity is authentic, a point of concern for many even if they are not necessarily concerned about the tax deductions. If you cannot locate a charity though that way, you can often find a group, temporary or permanent, through larger organizations such as the Salvation Army and Goodwill. Even if they are not currently accepting donations they can sometimes point you to another group who is more than willing to accept your auto donation to charity.