Do you have an old or unneeded car, truck, boat, or other vehicle sitting in your driveway or taking up space in your garage? Consider donating it to Habitat for Humanity through Cars for Homes! Not only will you help Habitat provide decent, affordable housing, you’ll also help the environment AND open up your space for something better!
Why should I donate my car?
- One hundred percent of the net proceeds from the sale of your donated vehicle will be used by Warren County Habitat for Humanity to build and repair affordable homes.
- You may qualify for a tax deduction for donating a vehicle.
- It’s fast and easy. Learn more about how vehicle donations work.
- Thirty percent of cars donated to Habitat are recycled for materials or sold for reusable parts.
- Recycling steel uses less energy and natural resources and produces less carbon pollution.
- Taking an inefficient older car off the road helps save gas and improves air quality.
Can I claim my car donation as a tax deduction?
Yes. Habitat for Humanity is a 501(c)(3) nonprofit organization. Contributions, including vehicle donations, may be claimed as deductions on your federal tax return if you itemize on Schedule A of Form 1040.
How much can I deduct?
- Once Cars for Homes sells your vehicle, the selling price becomes the amount of your donation.
- If your vehicle sells for more than $500, you may deduct the full selling price.
- If your vehicle sells for $500 or less, you can deduct the “fair market value” of your vehicle, up to $500.
How do I figure out the “fair market value” of my car?
The following websites can provide this information:
What documentation will I receive for my tax return?
Within 30 days of the sale of your vehicle, Habitat will send you a written acknowledgement/receipt. This receipt will include:
- The gross selling price of the vehicle (if it sold for greater than $500).
- Year, make, model and vehicle identification number information.
- A statement that the vehicle was sold at arms-length between two unrelated parties.
- A statement that no goods or services were received in return for your contribution.
Where can I get more information?
Consult your tax adviser or refer to any of these IRS Publications:
- Publication 4303, A Donor’s Guide to Vehicle Donations (147KB .pdf)
- Publication 526, Charitable Contributions (1.2MB .pdf)
- Publication 561, Determining the Value of Donated Property (1MB .pdf)
- Form 8283, Noncash Charitable Contributions (256KB .pdf)
- Instructions for Form 8283 (63KB .pdf)