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Cars and Transportation
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[quote=Anonymous]Donate to an org that will use it as a car. That gets you the blue book value. If you just donate it to an org who will sell it you only get the price they sold it for (less). Check in with your HS auto shop or the local fire department. This is from Intuit The charitable deduction for a car that a charity sells is limited to the sales price, even if the car’s fair market value is higher. • If the sales price of your donated vehicle is less than $500, you can deduct $500 or your car’s fair market value, whichever is less. • If the charity sells the car at a significant discount to a needy individual, or keeps the car for its own use, then you can claim a deduction for the car’s fair market value. • Charities are typically required to report the sales price of your car to you on Form 1098-C.[/quote]
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