Donate RV - Donate RVs - RV Donation Information- Getting Maximum Tax Deduction for Your Donated RV
Contact Carolyn Thompson 301-674-3056
Email: [email protected]
Before you donate RV's you should know that there may be a significant difference in the deduction you are able to take on your taxes.
1). You may donate a vehicle to be resold. If this is done, you'll only be able to write off the resale value.
2). If the organization you donate your RV to puts your donated RV to use, you will be able to get the tax write-off of the full resale value.
Donors may claim a deduction of the vehicle's fair market value under the following circumstances:
The charity makes a significant intervening use of the vehicle, such as using it to deliver meals on wheels.
The charity makes a material improvement to the vehicle, i.e., major repairs that significantly increase its value and not mere painting or cleaning.
The charity donates or sells the vehicle to a needy individual at a significantly below-market price, if the transfer furthers the charitable purpose of helping a poor person in need of a means of transportation.
Donate RV - Tax Guidelines
Velocity of Books puts as many vehicles to use as possible.
We use the vehicles to deliver books to charities and the community.