START A PETITION 25,136,189 members: the world's largest community for good
START A PETITION
x
Sep 1, 2010

The Car Donation Tax Deduction Process Explained

Are you confused on how to get your tax deduction for donating your car? Don't worry, you are not the only one. Many generous donors have decided to donate their car to various non-profit organizations. However, here are some guidelines to follow when getting a tax deduction for your car donation.

1. Use Kelley's blue book to determine the fair market value of your car. It would be wise to give a lower estimate for the value of your car because the IRS will never use the highest value. Your car accessories, mileage and condition will also affect the value of your car.

2. Find a reputable tax-exempt charity to donate your car or truck. Your vehicle donation proceeds benefit the charity you choose and the less fortunate are able to buy the car at a charity auction. The total amount of your tax deduction is based on final sales price of your vehicle.

3. The towing company will give you a tax deduction receipt for your vehicle donation. Make sure that the receipt has the organizations name and address, fair market value for your car and the date. If the car is worth more than $500, the IRS will require a IRS Form 8283.

4. Your car than is sold at an auction. Contact the car donation organization to find out any other details about your car. Then you will be able to add your car donation on your tax return! The process is simple. If you follow these steps, you can live happily every after knowing you helped the less fortunate and made your life a little bit easier.

Visibility: Everyone
Posted: Wednesday September 1, 2010, 10:50 am
Tags: mother car charity detroit michigan in how to vehicle mi your tax donate donation donations donating deduction waddles [add/edit tags]

Group Discussions
Comments
Or, log in with your
Facebook account:

Author

Mother Waddles
female, age 49, married, 2 children
Detroit, MI, USA
MOTHER'S SHARES
Aug
16
(0 comments  |  discussions )
\r\n\r\nHave you been to Detroit lately? Detroit has the sports attractions of the Detroit Tigers and Detr oit Pistons. Considering I am from Ohio, it is always fun to see them play. I even saw theBarenaked Ladies band play at the DTE c...


SHARES FROM MOTHER'S NETWORK
Nov
11
(37 comments  |  discussions )
\\nhttp://www.care2.com/c 2c/groups/disc.html?gpp=2 8682&pst=1449582\\r\\ nOrangutans: Men of the Forest - A female Orangutan, believed to be about 15 yrs old, discovered on a Palm Oil plantation in the Indonesian Borneo, being shot 104 times with an ai...
Dec
29
(0 comments  |  discussions )
\\nPlease, read these very important blogs about how Jordan Brown is doing, the effects of his lengthy incarceration without a trial and being falsely accused and the effects on his family. \\r\\nPart 2 offers a very good summary and explaination of the ...
Dec
14
(2 comments  |  discussions )
\\nHappy Holidays to ALL of you and to your Families!!!!!\\r\\n\\r\\n Peace and Love!!!!\\r\\n\\r\\nHugs and Kisses!!!!\\r\\n\\r\\nCia o!! Michela from Rome\\r\\n\\r\\n\\r\\n\\r \\n\\r\\n\\r\\n\\r\\n\\r\ \n\\r\\n\\r\\n\\r\\n\\r\\ n\\r\\n\\r\\n\\r\\n\\r\\n \\r\\n\\r\\n\\r\\n\\r\\n\ \r\\n\\r\\n\\r\\n\\r\\n\\ r\\n\\r\\n\\r\\n\\r...
Apr
2
(0 comments  |  discussions )
\\nI wanted to tell you about my new e-book:\\r\\nThe Vitality Diet:\\r\\n21 Days to a Leaner, Healthier, Happier, More Energetic You\\r\\n \\r\\n\\r\ \n\\r\\nIt guides readers to make dietary changes that support energy, vitality, and balanced weight.  I...
Mar
29
(0 comments  |  discussions )
\\n\\\"Right now, you can help make sure that the Department of Justice protects all people behind bars from the pain and trauma of sexual abuse. The Department has released proposed national standards addressing sexual abuse in detention, and is accep...


MORE MEMBER BLOGS
Mar 31
Blog: How to Extend the Life of your TRIAD Boilers by Kayleigh L.
(0 comments  |  discussions ) — \\nHow to Extend the Life of your TRIAD Boilers \\r\\n \\r\\nCorlis Engine Review\\r\\nEvery user desires to prolong the life of a unit. TRIAD assists their clients in achieving this important objective by informing them of ways they can avoid problems... more
Feb 27
Blog: Dr Oz Weight Loss - The 100% Natural And Very Efficient Diet Pill by Debra S.
(0 comments  |  discussions ) — \\nYes, Dr. Oz called Garcinia Cambogia Extract (HCA) the Holy Grail of Weight Loss. He went on to say, “Anytime I see a scientist get this excited about something like Garcinia Cambogia Extract and when I looked through some of this research and... more
Blog: My Favorite Websites by krysta I.
(0 comments  |  discussions ) — \\nIFAW: www.ifaw.org\\r\\nOCEANA www.oceana.org\\r\\nPETA: www.peta.org\\r\\nEARTH 911: www.earth911.org\\r\\nANI MALs ASIA: www.animalsasia.org\\r\\n \\r\\n\\r\\n\\n more
Feb 21
Blog: testing one two three by Geoff M.
(0 comments  |  discussions ) — hello world more
Blog: Garcinia Cambogia Reviews From Actual People Garcinia Pure Extract Is A Huge Success February 20 by Dany M.
(0 comments  |  0 discussions ) — \\nGarcinia Cambogia Reviews From Actual People Garcinia Pure Extract Is A Huge Success February 20\\r\\nGarcinia Cambogia System The Dr. Oz Lose Weight Quick Process Without Having Side Effects\\r\\nHe went on to say, “At any time I see a researcher... more
 
Content and comments expressed here are the opinions of Care2 users and not necessarily that of Care2.com or its affiliates.