Tax deductible donations are those given to non-profit organizations, such as charities, churches, Salvation Army, etc. Donations of property are also tax deductable, as are monetary "gifts". It is important that you have legitimate receipts for your charitable donations to make sure they qualify as deductions on your tax return.
A donation to a properly IRS registered 501(c)3 nonprofit organization with receipt of such for the lower of the fair market value of the vehicle at the time of donation or your basis (cost) is deductible. Note I stated the lower of these two values is what your deduction can be. To be safe you will need to get a fair appraisal of the fair market value of the vehicle and you can deduct that amount unless you paid less for the vehicle. If you ever deducted mileage or depreciation on this vehicle for a business or unreimbursed employee expenses that must also be deducted from your deduction.
You can make a tax deductible car donation at donateacar.com
You can read about the specifics on irs.gov before making a tax deductible car donation.
You will need to complete tax form 1098-c for a car donation tax.
Charity organisations are generally not tax-deductible. One charity that accepts car that are tax-deductible is Car Donation Wizard. For more information one can check Infoline.
If you donate a car to the Rawhide Boys Ranch it is tax deductible.
Yes, car donations are deductible. Check with the group you donate the car to. If the organization you donate to is a registered charity, yes.
www.donateacar.com and www.irs.gov will both provide information regarding tax deductions for car donations.
Donateacar2charity.com has information on how to donate a car in the Chicago area. A donation made in Chicago is completely tax deductible.
The website Donate a Car contains a list of charity organizations in California and an online form for donation. They will pick up the car for free and the donation is generally tax-deductible.
A donation to an approved tax exempt organization...a 501c IS tax deductible. One to anything else and shouldn't be, because as far as I' concerned, everything I do is a donation to the one getting it.......my grocer, my auto dealer, everyone....and wanto to bet everything anyone has for me they consider a donation to me? Gee, everything is a donation and deductible.
You can't. Politcal contributions are not tax deductible.
Not on your federal 1040 income tax return.