I want to donate a car to the Purple Heart...couple questions...

[bmacd]

1) I'm too lazy to sell it, but could easily get the blue book value without trying. How can i claim the blue book value of a car with a donation? I've never done anything like this before...

2) Am i more likely to be audited if i were to claim a value of $1500 for the car and get it taken off of my taxes?

3) if i do claim a value of $1500 for the car, will i get that money back ON TOP OF what i'd normally get back? I've never had to pay taxes...i always get money back.

-=bmacd=-

 

[vi edit]

If you sell the car outright, you'll see 100% of the money.

If you donate a car to charity, you'll maybe see 25% of the money that you clamined it was worth. It's a tax DEDUCTION, not a credit.

 

[GroundZero]

the charity that takes your car will issue you a tax reciept for the value that you will be able to claim.
as for the audit and your refund, i'm not sure.
i will find out the same thing myself this year, as i donated one of my cars to charity a couple months ago.