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RV Donation Information Tewksbury MA

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.

Ms. Marilyn M. Sanford (RFC®), EA, MBA
(978) 677-6511
218 Ames Hill Dr
Tewksbury, MA
Company
Ames Pond Tax & Financial Planning
Qualifications
Education: BA; MBA; Certificate in Financial Planning; Series 6, 7, 63 & 65 licenses; Mass Life, Health Insurance & Variable Annuities Licenses
Years of Experience: 13
Membership
IARFC
Services
Invoice, Retirement Planning, Tax Planning, Tax Returns, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Medical Insurance, Education Plan

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Liberty Tax Service
(866) 871-1040
724 Chelmsford St
Lowell, MA

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H&R Block
(978) 265-8505
716 MIDDLESEX ST STE 3
LOWELL, MA

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Camerlengo & Assoc Pc
(781) 245-3160
64 Albion St
Wakefield, MA

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Master Tax And Lexington Driving School Inc
(781) 646-5000
142 Massachusetts Ave
Arlington, MA
Hours
7 Days a Week/Daily/Everyday

Data Provided by:
Mr. Paul R. Churchill (RFC®), MBA
(781) 386-1729
9 Danielle Drive
Danvers, MA
Company
Northeat Advisors
Qualifications
Education: MBA(Finance Concentration)Boston University ( Cert. in Financial Planning)
Years of Experience: 6
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Retirement Planning, Medicaid Planning, Tax Planning, Employee Benefits, Business Coach, Education Plan, Asset Protection, Compensation Plans

Data Provided by:
Liberty Tax Service
(866) 871-1040
370 Bridge St
Lowell, MA

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Accuplus Financial Services Inc
(978) 251-0405
17 Dunstable Rd Ste A
North Chelmsford, MA

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Potter & Co
(781) 246-1598
605 Salem St
Wakefield, MA

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Tax Preparation & Planning
(781) 316-1551
94 Pleasant St
Arlington, MA

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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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