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How to make a car donation

How to make a car donation

Automobiles
Interested in donating a car to a non-profit organization and receiving a tax deduction? Here are some important things to know. In 2005, the IRS changed the rules on charity car donation. Currently, in most cases, a person may only claim the donated car’s actual selling price as a deduction. How to Donate an Automobile: Choosing a Charity The IRS urges people interested in charity car donations to make sure the chosen organization is legitimate. “Otherwise, your deduction will not be tax-deductible,” they warn in A Donor's Guide to Vehicle Donations. A list of qualified organizations is available on the IRS website. Know that many religious organizations, such as churches, synagogues, mosques and temples are not listed but are still considered qualified organizations by the IRS. ...