Tax Deduction

Tax Deduction

Get the maximum deduction!

HOW MUCH CAN I TAKE AS A TAX DEDUCTION?

You can write off the full sale price of your donation when we sell your car at auction. The minimum value is $500, and if your vehicle sells for more than $500 we’ll send you an IRS Tax Form that will allow you to write off the full amount.

SHOULD I USE THE KELLEY BLUE BOOK TO DETERMINE THE VALUE OF MY DONATION?

The IRS Regulations for donating a car changed on January 1, 2005. Before then you could use the Kelley Blue Book. Now you are allowed to write-off the full sale price, with a minimum deduction value of $500.

WHAT FORMS DO I USE WHEN I FILE MY TAXES?

If your donated car sells for more than $500 we’ll send you a Tax Form 1098c. If your vehicle does not sell for more than $500, you can use the Vehicle Donation Receipt to receive the $500 minimum deduction.