The Society of St. Vincent de Paul of San Mateo County is a 501(c) (3) nonprofit charitable organization. If you itemize deductions on your tax return, you may claim a deduction for your vehicle donation. Generally, donors who itemize their tax deductions can deduct the fair market value of any donated vehicle. For more complete information, see: IRS Publication 4303, A Donor’s Guide to Vehicle Donations at the IRS website.
We will provide a tax receipt for each car, truck, boat or RV donated. For a car, truck, boat or RV donation auctioned for $500 or more we will also provide the donor an IRS form 1098-C if the donor has provided us with a social security number. For a vehicle auctioned for more than $5,000 will also sign the donors Form 8283, Section B, part IV. ??Donor’s Responsibility: ?If your car, truck, boat or RV donation was auctioned for $500 or more you will have to complete Form 8283 and include Form 1098-C with your IRS filing which itemizes deductions. Complete Form 8283 Part A for vehicles which sold for $500 but less than $5,000. Complete Form 8283 Part B for vehicles which sold for more than $5,000. If a vehicle is given to a needy person and the value is more than $5,000 then SVdP will provide a certified appraisal for IRS and sign your 8283 Part B IRS form.