Vehicle Donation Questions

When you donate a vehicle on behalf of WHYY, you help fund new and current programs, allowing us to bring you the best programming public broadcasting has to offer. A tax receipt with our Federal ID number will be mailed to you within 30 days of the sale stating the amount of gross proceeds received from your vehicle. You can donate almost any vehicle, including cars, trucks, boats, motorcycles and recreational vehicles. Now the precise tax break depends on the donor's claimed value of the gift and how the charity uses the vehicle.

Once sold, additional tax documents may be provided when required by IRS regulations as a result of the sale value of the vehicle. Some charities will ask you to leave the assignment of ownership space on the charity donation papers blank, so they don't have to re-title the auto. How long before the charity gets its money?It usually takes 45-60 days from the time the vehicle is picked up until the car is sold and the transaction is completed. When the vehicle is sold, you'll get a receipt by mail along with the appropriate tax deduction form. If you have a newer car (less than six years old) or a specialty car, it will be picked up within a day. You can learn more about taxes and car donations by visiting our Tax Deductions & Car Donations page. In all cases it is certainly better to donate these old cars then to leave them sit in front of houses where they depress property values and encourage vandalism. Your car is assessed to determine the used car market that will yield the best sale price, joining some 43 million other cars re-sold each year. Do a little research , and find a high-performing charity that does the kind of work you like, in the region you wish to target, and does that work well. However, after towing and administrative costs the station will receive the remainder of the proceeds from the sale of the car. You will receive the full fair-market value tax deduction for the donation of your car. Note: If you are interested in donating a vehicle, please review the Internal Revenue Service (IRS) guidelines for tax deduction allowances. Non-cash donations are the most common triggers of audits, so it is imortant to keep thorough documentation of a car donation. If you are outside TPT's broadcast area, our ability to pick-up your car depends on whether the value of the car will offset the increased towing costs. If itemizing deductions, donors must file the Tax Receipt or IRS Form 1098C with their tax return. If your vehicle sells for more than $500, you may need to fill out IRS Form 8283 ( -pdf/ ) Noncash Charitable Contributions.” We recommend that you consult your tax adviser with questions about your deduction. Donate today to light the lamp of education because good education is what every child deserves. This initial acknowledgement will indicate your name as well as the year, make, model and condition of the car you are donating. We will give you the full legal IRS Tax Deduction receipt, even if it needs costly repairs! Towing of your vehicle is free for you and the IRS allows you to claim a car donation tax deduction.

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