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RV Donation Information Horn Lake 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.

H&R Block Inside Lynchburg Collection
(662) 781-3715
5842 GOODMAN RD
HORN LAKE, MS

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Solution Services
(901) 345-2550
7915 Highway 51 N
Southaven, MS

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H&R Block
(901) 346-8320
1200 SOUTHLAND MALL
MEMPHIS, TN

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Joe L Stout Income Tax Svc
(901) 744-7985
1493 Catherine St
Memphis, TN

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Mo' Money Taxes
(901) 458-4637
3952 Park Ave
Memphis, TN

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Liberty Tax Service
(866) 871-1040
3048 Goodman Rd W
Horn Lake, MS

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301 Tax Svc
(662) 342-7676
1200 Main St
Southaven, MS

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H&R Block
(901) 368-5228
4672 KNIGHT ARNOLD rd
MEMPHIS, TN

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H&R Block Inside Park Center
(901) 458-5400
3919 PARK AVEALLS BLVDe 2
MEMPHISogas, TN

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H&R Block
(901) 725-9908
2105 UNION Ave
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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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