Business Tax Recovery Logo


RV Donation Information Pontotoc 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.

Liberty Tax Service
(866) 871-1040
2306 W Main St # H
Tupelo, MS

Data Provided by:
H&R Block
(662) 690-6065
2270 W MAIN ST
TUPELO, MS

Data Provided by:
H&R Block
(662) 840-6073
3929 N GLOSTER ST
TUPELO, MS

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

Data Provided by:
Jackson Hewitt
(601) 469-0400
153 W Third Street
Forest, MS

Data Provided by:
Jackson Hewitt
(662) 844-1773
1705 S Gloster St., Ste., A
Tupelo, MS

Data Provided by:
Kwik Tax Inc
(662) 767-9995
622 Romie Hill Ave
Shannon, MS

Data Provided by:
Jackson Hewitt
(601) 346-8000
112 Byram Business Center Drive
Byram, MS

Data Provided by:
Carr Riggs & Ingram LLC
(601) 853-7050
282 Commerce Park Dr
Ridgeland, MS
 
Jackson Hewitt
(601) 731-3060
150 S High School Ave
Columbia, MS

Data Provided by:
Data Provided by:

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...

Click here to read the rest of this article from BusinessTaxRecovery.com