Donate your car to benefit A Precious Treasure Inc is a registered 501c(3) Non-Profit Charity organization dedicated tohelp children with disabilities including Cerebral Palsy, Down's syndrome, and Autism; and receive a maximum IRS tax deduction. Join over many satisfied donors, many taking advantage of the tax saving benefits of a car donation.

Important car donation tax deduction information.

For your car donation, the IRS allows you to claim a tax deduction of:

The value of the car you donated up to $500. It is up to the donor to determine the fair market value of the car donation.

Or

The gross proceeds of the sale if the car you donated sells for more than $500.
Our team of aftermarket specialists using a variety of indicators will asses each vehicle’s age, condition, and location to determine the most lucrative option for resale. Thus ensuring greater tax benefit for our donors and maximum value for our charitable work.
At time of pickup a Car Contribution representative will give you a temporary receipt to verify that you have donated your car. After your vehicle is sold (usually within 2 weeks) you will receive your official tax deductible receipt.

Frequently asked questions

Do I need to submit a Form 1098-c?
 You do not need to fill out a 1098-c form. Simply attach the CarContribution tax deductible receipt that you received for your car donation to your tax return documents.

My car is not running can I still get a tax deduction?
Yes. Every vehicle has some value and IRS regulations allow the donor to determine the fair market value up to $500.

What date will be on my receipt?
The date for your tax deductible receipt will be the day you submitted your donation to Car Contribution.

E-FILE TIPS

Donors who are filing their taxes electronically follow the same guidelines detailed above. After E-FILING you will need to mail out IRS FORM 8453( download here) along with your tax deductible car donation receipt to the IRS (this is a substitute for the 1098-c). You do not need to mail in a copy of the tax return that was filed electronically.

Tax preparation software tips (turbo tax etc..)
Follow instructions for entering charitable donations. Enter the Charity name, Charity address and TAX ID number exactly as stated on the tax deductible receipt. The date of donation and gross proceeds from sale are the date and amount listed on your receipt. YOU DO NOT NEED TO FILL OUT FORM 1098-c. the receipt we provided you is a LEGAL SUBSTITUTE for form 1098-c and should be used whenever prompted for information from form 1098-c.

If prompted for additional information regarding sale of vehicle enter as follows:
Donor certifies that vehicle was sold in arm’s length transaction to unrelated party
Donor certifies that vehicle will not be transferred for money, other property, or services before completion of material improvements or significant intervening use
Donor certifies that vehicle is to be transferred to a needy individual for significantly below fair market value in furtherance of donor’s charitable purpose
Donor certifies the following detailed description of material improvements or significant intervening use and duration of use
Remember to  only answer yes to the first choice above. Leave all others blank.

CarContribution does not provide any individual tax advice. Above information was taken from IRS guidelines as noted at irs.gov.

 
 
 
 


Car Donations accepted Nationwide.
We can pick up your car from any of the following states:

Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota , Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming