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Vehicle donations : selected charities reported mixed experiences after changes in vehicle donation rules : report to the Chairman, Subcommittee on Select Revenue Measures, Committee on Ways and Means, House of Representatives.
- Format:
- Book
- Government document
- Author/Creator:
- United States. Government Accountability Office
- Language:
- English
- Subjects (All):
- Income tax deductions for charitable contributions--United States.
- Income tax deductions for charitable contributions.
- Gifts--Law and legislation--United States.
- Gifts.
- Motor vehicles--Law and legislation--United States.
- Motor vehicles.
- Gifts--Law and legislation.
- Motor vehicles--Law and legislation.
- United States.
- Physical Description:
- ii, 46 pages : digital, PDF file
- Other Title:
- Selected charities reported mixed experiences after changes in vehicle donation rules
- Place of Publication:
- [Washington, D.C.] : U.S. Govt. Accountability Office, [2008]
- Summary:
- In 2003, GAO found that many taxpayers' estimates of the value of their vehicles, claimed as tax deductions, were in excess of the charities' subsequent sales of the vehicles. Subsequently, effective January 1, 2005, the rules related to the amount taxpayers can claim as a deduction on their tax returns for vehicles donated to charities changed. Under the new rules, in many cases the amount taxpayers are allowed to claim as a deduction is less than they could have claimed before the changes. Some charities that used vehicle donations as a revenue source said that the changes could lead to fewer donated vehicles and reduced revenues. GAO was asked to determine how charities have been affected by the 2005 changes. GAO discussed the rule changes with Internal Revenue Service (IRS) officials and the impact of the changes with representatives of several charities. GAO judgmentally selected 10 charities from among the 65 contacted in the course of the 2003 GAO study.
- Notes:
- Title from title screen (viewed on Apr. 15, 2008).
- "February 2008."
- Paper version available from: U.S. Govt. Accountability Office, 441 G St., NW, Rm. LM, Washington, D.C. 20548.
- Includes bibliographical references.
- "GAO-08-367."
- OCLC:
- 226369902
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