Auto Donation Tax Deduction Forms
Please check with a tax professional regarding your personal tax benefit.
The tax deduction generally applies to those who itemize deductions on their 1040 federal tax return. The amount of the tax deduction depends on the actual sale value of the Kidney Kar donation.
You are allowed to claim a fair market value up to $499 unless the vehicle sells $500 or more. If your Kidney Kar donation is sold for more than $500, you can claim the actual sale value as your deduction.
IRS Links for you and your tax advisor:
IRS Publication 4303
- Donor's Guide to Vehicle Donations
IRS Publication 526
- Charitable Contributions
IRS Publication 561
- Determining the Value of Donated Property
IRS Form 8283
- Noncash Charitable Contributions
IRS Form 1098-C
- Contributions of Motor Vehicles, Boats, and Airplanes