Car Donation Tax Deductions: Tax Day

With the 2012 filing deadline today, we thought it might be helpful to describe how car donations and tax deductions work to your benefit.

For questions not answered here, please feel free to call us at: 877-957-2277.

If you donated a car in 2012 to a charity featured on Car Donation Wizard, such as: Habitat for Humanity, Car Talk, NPR, U.S. Fund for UNICEF, American Cancer Society or any of our other great partners, you were provided with a tax deductible receipt listing the gross selling price for your vehicle. Any 501(c)(3) charity (re: reputable charity), will provide you with a tax deducible receipt for your donation. Based on tax laws, the IRS states that you are eligible to deduct the fair market value of your donated vehicle.

It’s good practice to always consult a tax adviser or the IRS for more information about how you can claim charitable deductions for your vehicle donation. The IRS can answer your tax questions and can provide tax forms, publications, and other reading materials for further assistance. IRS materials are accessible through the Internet at www.irs.gov, through telephone ordering at (800) 829-3676, and at IRS walk-in offices in many areas across the country.

Tax Related Car Donation Help Links

If you have additional question about deductions and IRS Regulations the following links may be of assistance:

IRS Publication 4303, A Donor’s Guide to Car Donations (PDF)
Publication 526, Charitable Contributions (PDF)
Publication 561, Determining the Value of Donated Property (PDF)
Form 8283 Non cash Charitable Contributions (PDF)
Instructions for Form 8283, Non cash Charitable Contributions (PDF)

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