How much tax write off for a car donation?

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1091220

2026-07-24 11:11

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the tax law changed in 2005, For most car donations, the deduction you receive is now directly related to the selling price of the vehicle. The IRS allows for a minimum deduction of $500 but for any deduction over $500 the charity must provide to the donor a written acknowledgment of the vehicle's selling price. (IRS form 1098c) you can get more information on tax deductions at the IRS site www.irs.gov or at donationwizard.com/taxes.jsp

If you donated the car to a registered charity, you can write off the value of the car.

The kicker is that it is up to YOU to determine the value of the car. You should get a receipt from the charity who you donated it to, and also keep some kind of documentation to substantiate its valuation (Blue Book record, appraisal, etc.).

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