IRS Car Donation Tax Deduction Rules
IRS Officials Urge Care for Those Making a Car or Truck Donation; New Law Changes Rules for 2005.
- As taxpayers plan their charitable giving, donors should understand the way that the American Jobs Creation Act of 2004 will alter the rules for the contribution of used motor vehicles after Dec. 31 2004.
- In 2005, if the claimed value of the donated motor vehicle (i.e. charitable automobile donation) exceeds $500 and the item is sold by the charitable organization (Center for Living and Learning) the taxpayer is limited to the gross proceeds from the sale.
- Under the new 2005 rules, the charitable organization must provide an acknowledgement to the donor within 30 days of the sale stating the amount of gross proceeds from an automobile donation.
Center for Living and Learning is a 501c3 charity. For purposes of a car donation tax deduction, please take note that our charitable tax ID is 95-4406897. The IRS number to call is (877) 829 - 5500.
Publications and Literature Relevant To Vehicle Donations:
- Publication 526, Charitable Deductions (PDF 177K)
- Publication 4302 A Donor's Guide to Vehicle Donations (PDF Format)
- State Charity Officials
- State Attorneys General
Charitable Automobile Donation
To view more resources on car donations, please visit IRS Website
*Donors with questions about whether a contribution is deductible should call the IRS at 1-800-829-1040 or for TTY/TDD help, call 1-800-829-4059.*
