Vehicle Donations
Cars for Cats!
Did you know that CAT accepts vehicle donations? Through Speed’s Super Tow you can donate your car, truck, RV, boat, motorbike, ATV, etc. to Cat Adoption Team and get a tax deduction! When you donate your vehicle Speed’s Super Tow will arrange for the vehicle drop off/pick up - depending on where you live, handle all the vehicle donation paperwork with the DMV, state, etc., and arrange for the sale of the donated vehicle at auction with the net proceeds given to CAT on your behalf. It’s easy and Cat Adoption Team will provide you with a tax receipt for your donation. Just call Speed’s Super Tow at 503-234-5555 to submit your vehicle information and arrange for the drop off/pick up of your vehicle. Be sure to mention you are donating your vehicle to Cat Adoption Team when calling. Tax Information on your Vehicle Donation: When you donate a car, truck, boat, or any type of vehicle, lot or piece of real estate, it is tax deductible for all itemizing taxpayers. When you itemize tax deductions on your IRS Schedule A of your 1040 form, you may deduct the selling price up to $500 using only the thank you letter we provide you. If you donate a car that sells for $500 or more, you may deduct the price for which your car is sold, and the Cat Adoption Team sends you a receipt/thank you letter indicating the exact amount your car sold for along with a form 1098-C Contributions of Motor Vehicles if the vehicle sold for more than $500. This information is provided as a general understanding of the tax rule but should not be taken as complete tax advice on this topic. Please check www.irs.gov or your tax adviser for further information. Thank you so much for helping save lives by considering this generous donation. The Cat Adoption Team is a 501 (c)(3) publicly supported charity. Donations are tax deductible to the fullest extent of the law. Cat Adoption Team’s Tax ID# is 20-0773189. |
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