Car Donation Tax Deduction Information

Donating your car to Cars 4 Causes® could result in significant tax savings for you and your family. Car donations to qualified organizations are tax deductible and are subject to the rules established by the IRS, as well as the state in which you reside. To qualify for a tax donation in the current year, you must donate your car, boat, motorcycle or RV by December 31.

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We send you a
receipt for your taxes.

Everyone's tax situation is different, so we suggest that you discuss how you can benefit from a generous car donation tax deduction this year with your tax professional. You may also visit the IRS website at irs.gov for more information.
Cars 4 Causes® does not offer any tax advice, but for your convenience, we've highlighted certain information that appears on the IRS website explaining car donation tax deductions:
Generally, the IRS allows you to claim a tax deduction of:

• The value of the car you donate up to $500. If your vehicle does not sell for more than $500, Cars 4 Causes® will only send you a vehicle donation receipt. It is up to you to determine the fair market value of your car donation. You do not need to submit a copy of this vehicle donation receipt with your tax return. We do recommend, however, that you save it for your own records.
  
       or
  
• The sales price of the car you donate if it sells for more than $500. If your vehicle sells for more than $500, Cars 4 Causes® will send you a vehicle donation receipt and a Form 1098-C. You must attach to your return Copy B of the Form 1098-C that you receive from Cars 4 Causes. The Form 1098-C will show the gross proceeds from the sale of the vehicle.
  
  E-filing Your Return. If you e-file your return and your car sells for more than $500, you must attach Copy B of Form 1098-C to Form 8453 and mail the forms to the IRS. If you do not attach Form 1098-C received from Cars 4 Causes®, you cannot deduct your contribution. We will send you the Form 1098-C within 30 days of the sale of the vehicle.

Information Only – Not Tax Advice.

Cars 4 Causes® does not provide any individual tax advice. The above information was extracted from the IRS website and includes only summary information. Certain exceptions may apply and each donor is encouraged to visit the IRS website for complete text of the IRS guidelines. Also, every donors' tax situation is unique and Cars 4 Causes® urges each donor to discuss their personal tax situation with their own tax professional when claiming a vehicle tax deduction.

Donate your Car, Boat, RV or Motorcycle to Cars 4 Causes®

Cars 4 Causes®, "The Charity that Gives to Charities"®, is an IRS Code 501(c)(3) charity. We are America's 1st vehicle donation charity. Cars 4 Causes® are experts at turning donated vehicles into cash for charitable purposes. We are the most trusted name in vehicle donations. Proceeds from tax-deductible vehicle donations go to qualifying non-profits. Read our Car Donation FAQ's to see how Cars 4 Causes® gets you more for your charity car donation!

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