- Goodwill: Accepts vehicles of all types and conditions.
- Salvation Army: Also accepts vehicles of all types and conditions.
- American Red Cross: Accepts vehicles that are in good working condition.
- Habitat for Humanity: Accepts vehicles that are in good working condition.
- United Way: Accepts vehicles that are in good working condition.
To maximize the tax deduction you may receive:
- Itemize deductions on your tax return.
- Obtain a written acknowledgment of the donation from the charity.
- Determine the fair market value (FMV) of your car.
- Deduct the FMV of your car, up to $500, from your taxable income.
It's important to note that the information provided here is general and may be subject to change. To ensure that you receive the maximum tax benefit, consult with a tax advisor or refer to the IRS regulations regarding charitable deductions for vehicle donations.
