![]() ![]() What do I need to know about passing title to the charity?īe very cautious when donating an automobile if you are not accompanying the recipient to the Secretary of State's office to transfer title. A copy of the publication is available on the IRS website. ![]() For more information, see IRS Publication 526 or consult your tax adviser. Different rules apply if you claim a deduction of $500 or less. Generally, if you claim your donated vehicle has a value of more than $500, you can deduct the smaller of the gross proceeds from the sale of the car by the organization or the car's fair market value.
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