If you have a vehicle that you wish to donate the rules changed a couple of years ago. In order to get the donation now, you must get a receipt from the organization to which you are donating the vehicle. They will be the ones to assess the value of the vehicle. It will be the amount the organization realizes if they sell your vehicle at auction or if they donate it to a needy individual. The organization is well aware of the forms they must give you in order for you to take a deduction. In addition, you will need to complete Form 8283 if the vehicle is valued at more than $500. In any case, the donation cannot exceed the Kelly Blue Book value.

 
This information is provided in an effort to help you gather and organize the information necessary to file your individual or small business income tax return. While these financial tools are not a substitute for financial advice from a qualified professional, they can be used as a starting point in your decision making process.