What is the process for auto donations in New York?
If your vehicle is valued at more than US$500, then your deduction is limited to the charity’s actual selling price and unfortuately, you are not entitled to know the deduction before donating your vehicle.
Also, to benefit from a vehicle donation, you have to itemize your taxes. Your certified accountant can help you decide if donating is in your best interest, or you can ask the IRS.
Please be sure that any charity that you use for your donation has a 501(c)(3) tax-exempt status with the IRS and that you hold on to your receipts as some charities are unable to provide copies later on.
Join us in our New York Forum if you have any comments or questions.
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