DONATE CAR FOR TAX CREDIT

2016 Car Donation Tax Deduction - How To Get The Maximum Tax Benefit Out Of Your Vehicle Donation

Donating your car or vehicle to charity can be a great way to get a tax deduction, and Wheels For Wishes makes it easy. If you would like to help your local Make-A-Wish® and get the maximum tax deduction, then you're already almost done. It's as simple as filling out the little form to the right or calling 1-877-431-9474. We make the process easy, and you get the most good (and highest tax deduction) for your car. Not only that, but you are also helping a local child's wish come true.

How Car Donation Tax Deduction Works

Prior to January 2005, the IRS was allowing people who donated to a qualified car donation program to take a tax deduction based on their vehicle's market value no matter how much or how little the vehicle sold for. Determining the market value of a donated vehicle is often quite difficult and time-consuming, which made determination of the amount of the tax deduction confusing. Fortunately, as a result of the new tax law that went into effect in January 2005, the IRS has taken the guesswork out of determining the value of your donated car, truck, RV, boat or other vehicle.

The IRS Allows The Taxpayer To Claim A Charitable Tax Deduction As Follows:

• We make it easy to get the maximum tax deduction for your vehicle donation! Simply filling out the quick form to the right (or call 1-877-431-9474) and we take care of the rest. Your vehicle is picked up, sold, and proceeds benefit your local Make-A-Wish®, but you also get a 100% deductible receipt.
• If the donated vehicle is sold for less than $500, you can claim the fair market value of your vehicle up to $500 or the amount it is sold for if less than fair market value.
• If the donated vehicle sells for more than $500, you can claim the exact amount for which the vehicle is sold.

For any vehicle sold for more than $500, the exact amount it is sold for will be stated on your notification mailed to you, which in turn will be your charitable tax deduction. For additional information, the IRS provides A Donor's Guide to Car Donations (Publication 4303 linked below), which details the determination of the value of your donated vehicle. As always, we help people donate their cars every day, and we would be happy to help you do the same. Feel free to call us at 1-877-431-9474 with any questions you might have and one of our representatives will help you.

Frequently Asked Car Donation Tax Questions

Q:Will My Vehicle Donation Be Good For The Year That I Sent In The Donation Form, Even If I Don't Receive The Receipt Until The Beginning Of The New Year?

A:YES! IRS Publication 4303, "A Donor's Guide To Vehicle Donations" states: "... the written acknowledgment must contain the date of the contribution..." The date of contribution is the date that we received the donation form. So it can even be on the 31st of December and will still allow a charitable vehicle deduction for that tax year.

Q:Does The Donation Count Toward The Year I Submitted The Online Form Even If The Vehicle Isn't Picked Up Until The New Year?

A:YES! As stated above.

Q:Some Charities Offer Vacation Packages As Incentives To Donate. Does That Affect My Tax Deduction?

A:YES! If a charity provides a commodity, like a vacation package, for example, in exchange for a car or vehicle donation, then the tax receipt from that charity must state the fair market value of that commodity and the fair market value of that commodity must be subtracted from the value of the car donation.

For example: If your vehicle sells for $1,000.00 at auction and your vacation package that you receive has a fair market value of $400.00, you can only deduct $600.00. That's $1,000.00 for the donated car less $400.00 for the vacation package resulting in a maximum deduction of $600.00 ($1000.00 - $400.00 = $600.00)

We certainly do not want donors to be shocked by receiving a tax letter that states they have to subtract the fair market value of the vacation from the value of their vehicle.

Latest IRS Publications Concerning Vehicle Donations And Deductions

• IRS Pub. 526 - Charitable Contributions - An excerpt regarding non-cash charitable contributions
• IRS Pub. 561 - Determining the Value of Donated Property - An excerpt regarding fair market value
• IRS Pub. 4303 - A Donor's Guide to Car Donation - An excerpt regarding new tax law information

We're Ready To Help, And It Couldn't Be Easier

We work hard to get you the maximum tax return for your vehicle donation. Feel free to call us at 1-877-431-9474 with any questions you might have and one of our representatives will help you.

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QNX's Fabulous Concept Cars

Thomas Bloor

Business Development Manager, BlackBerry

If you’ve been to CES chances are you’ve seen one of our concept cars, even if you’ve not been to our booth, we take these to our industry partners. Now as we start gearing up for next year’s CES there are some great innovations in the pipeline. (I’ve seen them, but I’m not telling.) So as I can’t spill the beans on what's coming, but let’s take a look at some of my favorite QNX Concept Cars from years past.

The Porsche 911 Carrera (CES 2012)

Admittedly I have a soft spot for performance cars, but the Porsche deserves headline billing in the roster as a CNet "Best of CES" winner. With revolutionary (for 2012), cloud-based voice recognition you could control the navigation system using natural language.   And, text-to-speech meant that you could listen to incoming BBMs, emails and text messages. Rounding out the roster of features that would still be considered ahead of the curve for a production car today, this model featured one-touch Bluetooth pairing.  Simply touching your phone to an NFC reader in the center console automatically paired the phone and car. 

The Bentley Continental GT (CES 2013)

In an outburst of Canadian quirkiness, we decided that when better to do a photoshoot of a Bentley Convertible than in the middle of the Canadian winter? Of course despite the -20C (-4F) weather we’d have to have the top down!

The cold and the snow do not detract from the revolutionary center stack with DLP® display from Texas Instruments. This immense (for 2013) featured an organically curved surface and TI’s optical touch input technology, which allowed physical control knobs to be mounted directly on the screen resulting in an ideal balance in physical and touchscreen controls

Taking natural language voice recognition a step further we worked with AT&T’s Watson^SM . Say "Hello Bentley," and the car's voice recognition system immediately starts interacting with you, in a distinctly British accent, old chap.

If that weren’t enough, the cluster displays the back-up camera and user configurable high resolution instrumentation. We also took the mobile office to new heights with smartphone integration with streaming music, email notification, news feeds, and other real-time information. Put the Bentley into park and you could fire up video conferencing with realistic telepresence.  

Separate cameras for the driver and passenger provide independent video streams, while high-definition voice technology from QNX offers expanded bandwidth for greater realism, while stereo telepresence makes the remote caller sound as if they’re sitting right next to you.

Mercedes CLA 45 AMG (CES 2014)

Have you looked inside a Mercedes S class recently? The horizontally orientated center stack display extends across the dash. Coincidentally our 2014 Mercedes concept had a 21-inch-wide center display extending towards the passenger enabling a seamless interaction with the vehicle.

 

Behind the scenes the Cluster was integrated with the center stack running both driver information and IVI functions. With seamless controllability across the touch screen, physical buttons and the jog wheel controls multi-modal input was highlighted across all available functionality. 

Not content with that, we foreshadowed greater integration of ADAS functionality warnings to the driver through both the cluster and verbally through text to speech if the local speed limits were exceeded.

Jeep Wrangler and Toyota Highlander

Now it’s not all high end luxury cars, which is just as well because they never let me drive any of them. Our Jeep Wrangler and Toyota Highlanders serve as our QNX reference vehicles showcasing what the QNX CAR application platform can do, straight out of the box. Additionally, the Toyota features our advances in in-car communication and acoustics platforms enabling an enhanced user experience for drivers and passengers.

These cars are not just  "show floor wonders" because our automotive knowledge enables us to build demonstrators for the real world, which can be driven, and the technology can be experienced first-hand. Concept clusters and displays abound, but real vehicle bus integration means these cars are drivable with real instrumentation and connectivity.

While I can’t reveal what new exciting technologies we are planning for CES 2017 (believe me, you’ll want to come and take a look), I can say that our reference vehicles are currently on tour so keep an eye open for them on the roads near you.

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