Min menu

Pages

Exclusive news

Donate A Car | To Get A Tax Credit- animal info

 If your car is new, broken, old, or just a waste, you can still get a tax deduction when you donate your car to Wheels For Wishes.

If you want to help your local Make-A-Wish® get the maximum tax deduction, you're almost done. It's as simple as filling out the small form to the right or calling 1-855-242-9474. We make the process easy and you'll get the best tax credit (and highest tax credit) for your car. Not only that, but it also helps fulfill the desire of the local child.

Decide what you need to get your tax credit

Writing off the car donation tax is one way you can get tax refunds for a charitable car donation that isn't cash.

Depending on the selling price of your car, there are different tasks that need to be done.

The selling price of the car is less than $500, without additional papers

In most cases, donated vehicles that sell for less than $500 with a fair market value of up to $500 can be claimed without completing any additional paperwork.

Selling car for over $500, but under $5,000 - model only

If you are seeking a car donation tax credit of more than $500 but less than $5,000, you will need to complete IRS Form 1098-c or Form 8283 for a non-cash charitable contribution. The donated car tax deduction is a simple step on the document in Section A of 8283.

Car Selling Price Over $5000: Model and Rating.

The car donation tax credit over $5,000 will require a Form 1098-c or Form 8283 with a written assessment. You can find this simple step in Section B of IRS Form 8283 for non-cash charitable contributions.

Frequently asked questions about car donation tax

Will my car donation be valid for the year I submitted on the donation form, even if I didn't receive the receipt until the beginning of the new year?

Yeah! IRS Publication 4303, “Guide to Stop Vehicle Donors,” states: … the written acknowledgment must contain the date of contribution … “The date of contribution is the date we receive the donation form, so it may be December 31st, the deduction will still be The charitable car is allowed for that tax year.

Comments