Donate a Car

How Much Can I Deduct?

When you donate a car you may deduct the fair market value when filing your taxes. You can determine this value using tools like Cars.com's Used Car Values calculator.

The actual amount you are able to deduct is dependent on what the charity does with the donated vehicle. Your charity could do one of the following:

  • Sell the vehicle Your deduction is limited to the gross proceeds the charity receives from selling the vehicle. If that amount is less than $500, you may be able to deduct the fair market value up to $500.
  • Make use of the vehicle, make a material improvement to the vehicle or sell the vehicle to a needy individual for below fair market value You may be able to deduct your vehicle's fair market value on the date you donated it.

Example Scenarios From the IRS:

Examples
1
2
3
4

 

On April 1, 2007, you donated your car to the local food bank. When you donated the car, you had determined that the fair market value was $4,300. On Nov. 10, 2007, the charity sold your car (to someone other than a needy individual), without any significant intervening use or material improvement, and received gross proceeds of $3,700. Your deduction may not exceed $3,700.
See the IRS publication "A Donor's Guide to Car Donations" for more information.

Donate Now

Select a featured charity to launch the V-DAC-sponsored donation wizard:

Find your favorite charity on V-DAC.com

Why Donate Your Car to Charity?

Make a difference

Your charity will receive up to 75% of the vehicle's sale price — better than most donation programs.

Get a Tax Deduction

Deduct your vehicle's "fair market value" - usually at least $500.

It's Quicker and Easier Than Selling

Schedule fast pickup — you don't even have to be there!

Testimonial

 

"When I heard that I could find a home for my old car and do some good at the same time, it seemed perfect. The process was quite efficient. I did it all online — it was a snap. The whole donation was done on my schedule and my charity received over $900 in donation proceeds."
Peggy J, New Hampshire