Vehicle Donation

In recent years, many radio and television advertisements from various organizations have pleaded for donations of used cars, boats, trailers and other items, typically claiming that taxpayers can deduct the item's "full market value." They even promise free towing if the item is not in operating condition.

The IRS has issued a number of warnings in recent years (for example, to charities incorrectly implying that a donor can deduct "blue book" value for a car that is not running). It has also noted that in some charitable-giving programs, vehicles go directly to resellers or other entities that are not entitled for non profit status.

Donating your car, truck, rv or boat is easy if you don't over deduct and you find a reputable vehicle donation charity. Turn in your old vehicle or boat and donate to charity and save on taxes.