TAX DEDUCTION
Bigger tax savings for you.
Tax deductions are based on the sale price of your car, in accordance to the tax deduction allowance regulations of the IRS. Cars For Kids USA is dedicated to ensuring your car is sold at a good deal, so that you receive a bigger tax deduction, and we avail more funds for our charity. All in good faith!
How big will my tax
deduction be?
We sell all donated cars at auctions and to auto-sellers.
- If your car is sold for MORE THAN $500, you will receive a tax deduction receipt for the actual price of your car.
- If your car is sold for LESS THAN $500, you will receive a tax deduction receipt for a determined value of your car based on market value of up to $500.