Re: Charity ? - Saab 9-5 Bulletin Board - Saabnet.com
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The IRS rule is that they allow you $500 value with no documentation. When the charity's auction house sells the car if it sells for more than $500 then they give you an IRS form that state the actual value it sold for and you can then claim that as part of your charitable contributions. This is how it works a few years ago when I donated one of my old 95s to our local humane shelter. I don't know if the tax changes from 2 years ago changed that, I don't think so but that should be easy to check at irs.gov.
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