Finance

Sep 13 2017

How To File Your 2016 Car Donation Tax Deduction #tax #write-off #for #car #donation

# Tax Filing Tips Filing Guidelines To receive a tax deduction for a donated vehicle, you must itemize your deductions, including any charitable contributions, on Schedule A of Form 1040 from the IRS. Include your Kar4Kids tax-deductible receipt with your tax return. You do not need to submit Form 1098-C as your official Kars4Kids receipt is considered sufficient documentation by the IRS. For vehicles worth more than $5,000, you will also need an IRS Form 8283. section B. E-file Tips Donors who are filing their taxes electronically follow the same guidelines detailed above. After E-FILING you will need to mail …