Do you have a car you no longer use or a boat,
truck, motorcycle, RV, ATV, bus or plane that still functions well?
If you have a vehicle that’s sitting idle, turn it into a
valuable tax deduction by donating it to Goodwill Industries. Transfer
takes only a matter of minutes. Donating avoids all the headaches
involved in trying to sell a vehicle and may, in the long run, be
more profitable to you as a tax deduction. There are specific qualifications
that must be met before we can accept a vehicle donation.
For more information about Vehicle Donations:in Santa Cruz or Monterey Counties call
toll free 1-800-894-8440
and in San Luis Obispo County call (805)
544-0542 or toll free 1-800-549-5920.
New Law about Vehicle Donation as Tax Deduction
Beginning January 1, 2005, taxpayers can deduct
only the proceeds the charity gets from the sale of the vehicle.
Donors must receive a written acknowledgement from the charity that
includes the sale price of the vehicle. If the charity uses the
vehicle for a charitable purpose, such as a Goodwill wheels-to-work
program, donors may deduct the fair market value of the vehicle,
and must obtain written acknowledgement from the charity that states
how the vehicle will be used. The charity must provide you with
written acknowledgement within 30 days of the sale of the vehicle
or, if the vehicle is to be used for a charitable purpose, within
30 days of the donation.
