If you have a car in Utah that you do not use and do not want to keep or sell, you can donate it to a local or national charity for a tax deduction. The charity must be listed with the Internal Revenue Service as a nonprofit for you to ask for the gift. When requesting the donation on your taxes, you can not ask for the fair market value of the car, which is different from the amount you paid for the car. The fair market value is the price that you would be able to sell the car in your local Utah market.
Instructions
1
Use the Kelley Blue Book and NADA Guides websites (see Resources) to get the market value of your car.You can also search for similar cars listed for sale in your local newspaper Utah to determine the fair market value.
Use the Kelley Blue Book and NADA Guides websites (see Resources) to get the market value of your car.You can also search for similar cars listed for sale in your local newspaper Utah to determine the fair market value.
2
Make sure the Utah organization you donate your car is eligible for tax deductible donations. Do this by entering the name of the organization on the website of the IRS to the version published online 78 (see Resources). You can also use this site to search for Utah charities if you have not already selected.
Make sure the Utah organization you donate your car is eligible for tax deductible donations. Do this by entering the name of the organization on the website of the IRS to the version published online 78 (see Resources). You can also use this site to search for Utah charities if you have not already selected.
3
Learn how the organization accepts car donations by calling or looking on the organization's Web site. For example, the Utah Kidney Foundation offers vehicle pick connection given when you call the foundation through the kidney Cars at number 800-488-CARS.Some Utah charities can not have a dropoff center gift for vehicle donations.
Learn how the organization accepts car donations by calling or looking on the organization's Web site. For example, the Utah Kidney Foundation offers vehicle pick connection given when you call the foundation through the kidney Cars at number 800-488-CARS.Some Utah charities can not have a dropoff center gift for vehicle donations.
4
Arrange for pickup or landing your car with the charity.When returning the vehicle, you must also sign on your title for the vehicle. In return, you are given a donation receipt that you should keep for your tax deduction.
Arrange for pickup or landing your car with the charity.When returning the vehicle, you must also sign on your title for the vehicle. In return, you are given a donation receipt that you should keep for your tax deduction.
Tips & Warnings
- You can also use a car donation company, such as cars four causes, to make your donation. One of these works programs accepting your car donation and then allowing you to select a recipient from a list of Utah charities
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