Donate Car for Tax Credit Insurance


Tax Deductions for Donated Cars insurance

The deduction you can take on your tax return is based on the fair market value of the car. You can start to determine that by visiting Kelley Blue Book or the NADA Guides, which both have excellent used car rating tools.

However, keep in mind that these book values are generalizations. insurance
For example, if you determine that your car is worth $5,000, but you know it doesn't start because it needs a new battery, the fair market value is $5,000 minus the price of replacing the battery.

You can learn more about taxes and your donated car by visiting our Tax Deductions & Car Donations page.
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