When you donate your car to a qualified Arizona charity like Goodwill, you can use that vehicle donation as a tax deduction. This is a big reason why many people choose to donate their car to charity. If you’re thinking about donating your car to Goodwill of Central and Northern Arizona, here’s how.
Tax Credit 101: Arizona Vehicle Donations
Step 1: To get started, call us at (602) 513-8413. We’ll arrange the towing of your car at no cost to you, anywhere in the Valley. We accept most cars, trucks, trailers, RVs, motorcycles, boats, vans, motorhomes and even airplanes. Abandoned cars and those that have failed an emission test are also accepted.
Step 2: Consult with a tax advisor to determine the fair market value of your vehicle, which will be used to determine the tax deduction. Fair market value is the amount a buyer would be willing to pay for the car. If the fair market value is more than $500, you will need to fill out additional IRS paperwork. Read the IRS guide to donating a vehicle for more information.
Step 3: Goodwill will send you a tax receipt in the mail a few days after your car has been donated. Take this receipt to your tax advisor to claim a charitable contribution deduction. You can then use that paperwork to deduct the car on your taxes.
Keep a record of your tax paperwork for your personal files. Also, don’t forget to notify the DMV with a sold notice within 10 days after you donate your vehicle.
Donate Your Car Today!
When you donate your car to Goodwill, we auction it for sale, depending on what sort of condition it’s in when we receive it. Then, we take the resulting funds and invest them into community programs that help local members of your community.
Your generous vehicle donation supports our mission of fighting unemployment in Arizona. Proceeds help us fund our no-cost career centers that provide individuals with job resources, like resume review and interview training. There’s no better use for a vehicle that you no longer want or need.
Ready to get started? Call us at (602) 513-8413.
