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Home : Taxes : Car Donation : Appraisals
Appraisals
If your vehicle donation is worth more than $5,000, you will need to get an appraisal and a signed 8283 tax form for tax purposes. The fair market value of your vehicle cannot be determined by a charity. The IRS considers that to be a "conflict of interest." A charity's tax receipt is the proof that you made the donation. If the vehicle has a value of $5,000 or more, then a certified vehicle appraiser must determine the vehicle's value. Most charities that accept car donations will arrange to have your vehicle valued by an independent appraiser. They should also provide you with all the necessary documentation to properly claim your tax deduction without any cost to you.