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Vehicle Donations
Turning Your Spare Car Into A Tax
Donation
Donate your car and show your
support of California American Red Cross! Interested in donating your vehicle to
an organization you believe in? It's easy to make a contribution that
supports Santa Monica Red Cross!
Here's how it works:
• Just call Toll-Free
1-888-625-4330 or email at your convenience to donations@charitableautoresources.com
to speak to a Vehicle Donation Representative. Our Representative will schedule
a pickup that's convenient for you, and provide you with confirmation of your
donation.
• If the gross proceeds from
the sale of your donated vehicle are $500 or more and if you provide your social
security number to our Representative at the time of your donation, you will
also receive an IRS tax form 1098C stating the sale price of the vehicle. This
amount is what you actually claim on the itemized tax return. •
According to the tax law effective January 1, 2005, if the claimed value of the
donated vehicle exceeds $500, the taxpayer is limited to the gross proceeds of
the sale.
(Consult
with your tax adviser if you have aditional questions)
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