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THE VALUE OF YOUR CAR DONATION FOR TAX PURPOSES

Per IRS standards, all not-for-profit organizations are prohibited from assigning values or estimates to donated items. In general, the amount you can deduct from your taxes is the price for which the car sold at Goodwill's auto auction, but Goodwill always recommends that you consult a tax advisor.

Download an IRS form
Donations to Goodwill are tax deductible to the extent permitted by law. When you donate your car, you will receive a donation receipt that shows when the car was picked up, the year, make, model and mileage. After the car as been sold at auction, Goodwill will send you a letter stating the sale price of the car for tax purposes. In general, the tax deductible amount may not exceed the gross proceeds of the car's auction sale price, but Goodwill always recommends that you consult a tax advisor.

For more information, go to www.irs.gov.

 

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Car Donation Guidelines / Car Donor Checklist

 

 


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