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RV Donation Information Rocky Mount NC

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
1356 Raleigh Rd
Rocky Mount, NC

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H&R Block Inside Hunter Hill Shopping Center
(252) 443-9233
1457 HUNTER HILL RD
ROCKY MOUNT, NC

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H&R Block
(252) 451-1729
1561 BENVENUE RD
ROCKY MOUNT, NC

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Jackson Hewitt
(252) 237-5152
401 Lillian Rd
Wilson, NC

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Mr. William A. Harmon (RFC®), CFP, RFP
(919) 968-1177
2210 Holly Circle
Chapel Hill, NC
Company
Vita Planning
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Years of Experience: 28
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IARFC
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Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Charitable Planning, Education Plan, Compensation Plans

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Jackson Hewitt
(252) 985-5878
222-A Fairview Rd.
Rocky Mount, NC

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Liberty Tax Service
(866) 871-1040
309 N Fairview Rd
Rocky Mount, NC

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1ST CHOICE T & P SERVICES(TAX & PROPERTY)
(252) 907-4456
BLACKSTREET
TARBORO, NC
 
Liberty Tax Service
(866) 871-1040
2115 Forest Hills Rd W
Wilson, NC

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Mr. Charles E. Trent (RFC®), CFP, CHFC, CLU, EA, LUTCF
(704) 365-3122
6525 Wheeler Drive
Charlotte, NC
Company
Gardner and White
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Education: MBA
Years of Experience: 26
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IARFC, FPA, SFSP
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Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Tax Returns, Employee Benefits, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Charitable Planning, Education Plan, Healthcare Accounts, Asset Protection, BuySell, LiabCover, Compensation Plans

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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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