Search 120,491 Tips
Car Donation Tax Deduction
File Form 8283 if the sum of your non-cash donations in a year is greater than $500.
Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Car Donation Tax Deduction and other Car Donation topics.
What are the IRS Car Donation Regulations?
File Form 8283 if the sum of your non-cash donations in a year is greater than $500.
If you claim a deduction on your return of over $500 for all contributed property, you must attach a Form 8283 (PDF), Non-cash Charitable Contributions, to your return. If you claim a total deduction of $5,000 or less for all contributed property, you need only complete Section A of Form 8283. If you claim a deduction of more than $5,000 for an item or group of similar items, you need to complete Section B of Form 8283, which requires a qualified appraisal by a professional appraiser.
Not finding the advice and tips you need on this Car Donation Tip Site? Request a Tip Now!
| Guru Spotlight |
| Ray Lokar |
