How much will I receive as a tax deduction?
The IRS allows you to claim a tax deduction of:
THE VALUE OF YOUR VEHICLE UP TO $500.
It is up to you (the donor) to determine the fair market value. You can file for the value of the vehicle up to $500.
OR
THE AMOUNT THE RECIPIENT SELLS YOUR VEHICLE FOR.
If recipient sells your vehicle for more than $500 your tax receipt will be for the price the vehicle sold.
