By donating your vehicle to The Humane Society of the United States, you’ll be helping animals and people
BONGO YETU / 7 hours ago
How does the tax deduction work?
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You can deduct the value of the vehicle only if you itemize deductions. A receipt indicating the vehicle sales price will be sent to you within a few days after the pickup of your vehicle. Please consult a tax professional for further information.
What can I claim as a deduction?Read:Amazing Snake: Big Anaconda attack Plane Watch Video
According to the tax law effective January 1, 2005, if the claimed value of the donated vehicle exceeds $500, the taxpayer is limited to the gross proceeds of the sale. An IRS Form 1098-C, “Contributions of Motor Vehicles, Boats, and Airplanes” will be mailed to you within 30 days of the sale stating the amount of gross proceeds received from your car, provided your vehicle sold for more than $500 and you have submitted your social security number. This will be your tax receipt for your charitable contribution. Please consult a tax professional for further information.
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