TAX BENEFIT

Searching for a tax deduction?

Goodwill can help you reduce your taxable income when you donate a car, motorcycle, jet skis, boat, truck or van, golf cart, or RV to Goodwill.

When you donate a vehicle to Goodwill, you may claim the amount raised when the vehicle is sold on your taxes. Charities are required by law to notify the donor in writing within 30 days of its sale.

Tax Benefit Information

If the claimed value of the donated motor vehicle, boat or plane exceeds $500 and the item is sold by the charitable organization, the taxpayer is limited to the gross proceeds from the sale. More IRS guidelines for charitable contributions can be found at their web site at http://www.irs.gov/ or by calling toll-free 1-800-829-1040.

IRS tax link: http://www.irs.gov/publications/p561/ar02.html

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