We provide factual information about tax deductions and your charitable contribution.

Please read this page.

Are all motorcycle or other vehicle donations tax deductible?

All such donations donated to charitable organizations granted tax exemptions under section 501 (c) (3) of the Internal Revenue Code are tax deductible.

WARNING: Not all charitable organizations have been granted tax exemption under section 501 (c) (3) of the Internal Revenue Code. We would advise you to read what is stated by any charity donation site.

The IRS has granted tax exemption under section 501 (c) (3) of the Internal Revenue Code to all of the charities with which we work.

Itemizing Taxes - Do I need to itemize deductions?

If your primary motivation in donating a motorcycle or other vehicle is to gain a tax deduction you will need to itemize your deductions on your Federal and State Tax Returns.

If currently you are not itemizing your deductions on a Long Form your accountant would be able to tell you if making a motorcycle donation would justify switching to itemizing your yearly deductions and using the longer form.

If you cannot receive any tax benefit we can still arrange free pickup and we can arrange for you to receive other valuable benefits through a recycling program. For more information on the Vehicle Recycling Program...

How much can I deduct on my tax return?

New IRS tax law simplifies procedure:

As of 1/1/05 you may deduct the full price we receive for the sale of your vehicle.

This significantly improves the procedure for you the donor in many ways:

• Should the sale of your motorcycle/boat/vehicle be over $500.00 USD, that amount will be the amount of your deduction; Therefore avoiding the hassle of figuring out the Fair Market Value.
  
• Because sometimes donors run into trouble by overestimating the fair market value of their tax deduction, that wouldn't be a problem because this new change would prevent that.
  
• The two above save you both risk and your valuable time.

Here are the details:

• At auction your motorcycle/boat/vehicle sells for $500 USD or more, we're obligated to send you a tax receipt with the following data:
  
  
  1. The motorcycles' Vehicle Identification Number
     and the name of the donor.
  2. That your motorcycle donation was at "arms length",
     that meaning, that we are not related to you in any
     way, family or by business.
  3. The price for which your vehicle sells becomes it's
     Fair Market Value.

The above results in a much simpler process overall. As well as minimizing risks with the IRS

Should your motorcycle sell at auction for less than $500 USD, you are entitled to deduct what you feel the Fair Market Value is, but only if that amount is under $500 USD.

In this circumstance you would be sent a tax receipt that acknowledges your donation and which includes a description of your vehicle along with your name, and the date of the donation.

What proof do I need for my deduction?

You will need a tax receipt with a 501 (c) (3)'s name and Federal Tax ID number on it verifying the date, the year, make and model of your motorcycle donation and a separate receipt for the trailer donation.

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