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When claiming a car donation tax deduction, you must use Form 8283, "Noncash Charitable Contributions," if it is valued at more than $500.
Fill out Section A of the form if your total deduction for all noncash charitable donations, including your used car, is $5,000 or less.
If it is more than $5,000, you likely will need to complete Section B. In some cases, donors also may need to file proof of a certified appraisal. For expensive car donations, it may be a good idea to seek the help of an accountant.
|Sheri Ann Richerson|