Car Donation Charity - donate car
Tax Information
This page is to give you all of the tax information you might need concerning a car donation.
NOTE: Some of this information has been revised please see our new IRS Publications 526, 561 and 4303 pages for latest revision.
IMPORTANT DONATION INFORMATION UPDATE!TWO FREQUENTLY ASKED QUESTIONS AT THE END OF THE YEAR:
QUESTION #1:
Will my donation be good for the year that I sent in the donation form, even if I don’t receive the receipt until the beginning of the New Year?
ANSWER: YES!
IRS Publication 4303, “A Donor’s Guide To Vehicle Donations” states:
“… the written acknowledgment must contain … the date of the contribution…”
The date of contribution is the date that we received the donation form. So it can even be on the 31st of December and will still be for that tax year.
The only exception might arise if you cancel the donation and then resubmit it later, or if the donation is canceled by us or the towing/auction facility due to reasons of inability to make pick up arrangements or lack of proper vehicle documentation, etc. Generally if you work with the towing/auction facility and assist in any problems that might arise then your donation will still be considered effective the date you filled out the donation form.
IRS Publication 4303 — Full information on tax deductions for vehicle donations.
QUESTION #2:
If I submit the donation form on the last few days of the year and the towing/auction facility does not pick up the vehicle until the beginning of the New Year does the donation still count towards the current year, i.e. the year I submitted the donation form online?
ANSWER: YES!, as stated above.
If you plan to make a car donation we plan to make that easy and safe for you.
Each link will take you to another page that provides important tax information as described in the link...
IRS simple steps for tax deduction...
Important tax Information regarding misleading claims about a car donation.
Tax information on how to determine the actual fair market value of your car donation.
Car donation programs continue to get careful scrutiny from the IRS...
IRS Tax Information: IRS ISSUES ALERT ON CAR DONATION
Tax Information: IRS Publication 561 - determining the fair market value of a car donation.
TAX INFORMATION: IRS AND STATE CHARITY OFFICIALS URGE CARE WHEN MAKING A CAR DONATION
For more information regarding making a car donation or using the recycling program.
Fill out the Online Car Donation Form and that will begin the process.
