Form 8283 and Fairly Determining the Tax Deduction from Your Charitable Auto Donation

If there’s one thing the IRS loves, it’s forms, and your tax deduction itemizations are hardly immune. So, it should come as no surprise that there are some additional forms to fill out and receipts to keep when you’re claiming an auto donation as a deduction. Also, as you might imagine, this varies by the value of the gift.

Of course, value to you and I differs a bit when dealing with the IRS. The term “fair market value” led to some speculation in the past until the term was clarified to mean specifically what another party would be willing to pay for your vehicle in the fanr an open marketplace.