Donate car to charity new york12/28/2023 ![]() ![]() The value is determined by the gross proceeds raised from the sale of the donated vehicle. How is the value determined on the vehicle donated? This will be your tax receipt for your charitable contribution. 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. What can I claim as a deduction?Īccording 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. If the vehicle does not exceed $500, the thank you letter that you will receive can used as a tax receipt. Yes, you will receive an IRS Form 1098C in the event that the sale of the vehicle exceeds $500. Will I get a tax receipt for my donation? ![]() In the rare event that you receive any notification of a lien sale, DMV action, or other activity related to your donated vehicle, please contact us at 1-888-WEDU AUTO (1-88) immediately for assistance. How does the new law affect my tax deduction? You will receive IRS Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes if the proceeds from the sale exceed $500, stating the amount of the gross proceeds from the sale of the donated vehicle. Have your title with you when you call-in your donation. The only paperwork needed is a signed, clear title. Special arrangements can be made by calling our representatives. Do I have to be with the car at the time of pick up? Call our representatives at 1-888-WEDU AUTO (1-88). A tow company will contact you within two to three business days. In some cases, if we receive your call early in the day, a same-day pick can be available. We make donating your car as simple and convenient as possible. How long will it take to pick up my vehicle? If you are uncertain as to whether or not your vehicle is eligible, please contact the vehicle donation program toll free at 1-888-WEDU AUTO (1-88). Many types of motor vehicles are accepted including boats, motorcycles, trucks, and cars, motor-homes, airplanes, time-shares, and even houses. Contact a representative at 1-888-WEDU-AUTO (1-88) to find out if your vehicle qualifies for pick-up. However, it must have an engine and be tow-able. In some cases we can take your car, running or not. Does my car have to be running to donate it? No need to pay for advertising, no loss of privacy and possible security risk, and no need to pay for vehicle registration, insurance, and repairs to keep your car in running condition while you wait for a buyer. Plus you avoid the costs associated with selling your car. You benefit by being able to reduce your taxable income when taxes are itemized. WEDU benefits by receiving a cash donation to fund new and existing programs and increase community awareness through local events. What are the benefits of donating my car to WEDU? ![]()
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