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Car Donors can still
claim fair market value
when donating to Charity Motors. (see
Donation Information page for more details)
Charity Motors, Inc. is recognized by the Internal Revenue Service under
Internal Revenue Code Section 501(c)(3) as a charity qualified to receive
tax-deductible contributions. As a donor, you will receive a receipt
stating you are eligible for a tax deduction in the amount of the fair
market value of the vehicle donated. A fair market value deduction is
allowed as Charity Motors' acknowledgement certifies that they intend to
sell the vehicle to a needy individual at a price significantly below fair
market value and that the sale is in direct furtherance of its charitable
purpose of relieving the poor and distressed or the underprivileged who are
in need of a means of transportation. The fair market value deduction
determined by the donor is eligible to be included on the individual's Form
1040, U.S. Individual Income Tax Return, Schedule A - Itemized Deductions
as a charitable contribution. The donor must take into account certain
limitations on charitable contribution deductions. All donors should
consult their tax advisor to discuss their specific tax situation.
The donation process is fast and easy. Call our friendly
staff to donate or use our online donation
form. Charity Motors accepts donations in most states
and provides free towing service.
Charity Motors accepts cars, trucks, motor homes, boats and
motorcycles. |