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RV Donation Information Holly Springs MS

Every year, millions of Americans get a tax deduction by donating to charities. Here's a primer for those who want to donate an RV.

Jackson Hewitt
(601) 268-3004
3801 W 4th Street
Hattiesburg, MS

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Better Tax Services
(601) 922-0111
4598 Clinton Blvd
Jackson, MS
 
H&R Block
(601) 727-2113
35 HWY 513
ROSE HILL, MS

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Jackson Hewitt
(601) 798-1040
790 Memorial Blvd Ste D
Picayune, MS

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Jackson Hewitt
(601) 859-7753
3357 N Liberty Street
Canton, MS

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Liberty Tax Service
(866) 871-1040
15332 Dedeaux Rd
Gulfport, MS

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Breazeale Saunders & O'Neil Ltd
(601) 969-7440
120 N Congress St Ste 300
Jackson, MS

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Jackson Hewitt
(601) 987-5829
4329 North State Street, Ste E
Jackson, MS

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Jackson Hewitt
(662) 289-8819
225 Highway 12 W
Kosciusko, MS

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Thaxton, Ronnie E CPA
(601) 684-8130
612 Delaware Ave Ste 10
McComb, MS

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RV Donation Information

Donate RV

Every year, millions of Americans get a tax deduction by donating to charities. Here's a primer for those who want to donate an RV.

The first question many people have is whether they can donate an RV and get a deduction. The tax code notes that "vehicles" can be donated, not just cars. This means an RV, motor home, camper and so on can be donated in exchange for a tax deduction.

When donating your RV, there are a couple of things to keep in mind. First, the donation is only tax deductible if the charity is a 501c3 entity. This number designation refers to the section of the tax code controlling non-profit charities. If the party you are donating to does not have such a classification, you will not be able to claim a deduction. Many taxpayers made this mistake when donating to the Tsunami relief effort. Ask the charity to show you the designation or look for it on the paperwork. Most charities will make their certification very prominent.

Once you donate the RV to charity, what can you deduct? Under new tax regulations, you can no longer deduct the fair market value. Instead, you must deduct the actual sales price the charity is able to obtain when it sells your former RV to a third party. The charity will have a procedure in place for sending you a written receipt of the actual sales price. If they do not, donate the RV to another charity that does.

There are a couple of exceptions to the actual sales price tax deduction rules. The IRS will allow yo...

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