WHY DONATE YOUR CAR TO BOB’S?
We are a qualified charity, approved to receive your donations. You can deduct the fair market value of your donated car on your tax return.
Help Your Community
By donating a car, you help us provide automotive repairs to those in our community with demonstrated need for reliable transportation.
Provide Training Opportunities
Donated cars allow us to provide repair training opportunities and a pathway to employment in the automotive field.
1. Fill out the Car Donation Form
2. We will contact you to arrange for the drop off/pick up of your vehicle
3. We will guide you through the process and provide the proper paperwork for your deduction
CAR DONATION FAQ
SELECTING THE CHARITY
If you are eligible to deduct donations you will want to make sure the organization is qualified to receive your donation.
BAC is a 501 (c) 3 public nonprofit. Our Federal Tax ID # is 46-2539031. We are approved to receive your donations.
QUALIFYING FOR A TAX DEDUCTION
There are certain limitations for deductions. For example, your current charitable deduction cannot exceed 50% of your adjusted gross income. Please see IRS Publication 526 as other limitations may apply.
BAC will provide you with the proper paperwork for your tax preparer to use in determining the amount of your deduction.
DETERMINING THE AMOUNT YOU CAN DEDUCT
If your donation is worth $500 or less (typically scrap cars) you do not need any Federal paperwork. Vehicles exceeding $500 in value need a written acknowledgement in the form of #1098-C which will be sent at year end.
BAC will provide a letter of acknowledgement and value of your donation upon receipt of your vehicle. All contributors of vehicles will receive a 1098-C regardless of value. Values are determined by Kelley Blue Book.
If your vehicle is sold without training, the deduction is the amount we sell it for. If we use the donated vehicle for training, the deduction is the fair market value.
RECORD KEEPING AND FILING REQUIREMENTS
If the deduction is over $500: you must have written acknowledgement from the charity.
If the deduction is between $500 to $5,000: you must complete Section A of IRS Form 8283 and attach it to your Form 1040.
If the deduction over $5,000: you must complete Section B of IRS Form 8283, which must include the signature of an authorized official of the charity, and attach it to your Form 1040.
BAC will assist you with the proper paperwork.
STATE LAW RULES ON LIABILITY & VEHICLE TITLE
When donating a vehicle you must sign the title and give this to the charity. Any liens against the title must be paid before the title can be transferred. The DMV must be notified within 10 days, by the donor, that the vehicle has been donated. See links to the left to notify DMV.
BAC can help walk you through this process.
LINK TO NOTIFY DMV OF VEHICLE SALE