Can I get a tax write off if i donate my car to a family member?

Question

I know you can get a tax id number if you donate your car to a charity but can you get one donating your car to a family memeber I rather give the car to my brother-in-law knowing that him and his family need a car. So please let me know if I can get a tax id number for donating a car.

Answer 1

not only can you NOT get a tax writeoff, if the car is worth more than about 10,000 (the amount may be 11,000 or 12,000) you might even have to file a gift tax return and YOU are the one paying the taxes.

You do have a lifetime gift exclusion, but you have to report gifts over a certain amount.

Figure out what you think you'd save in taxes of your brother-in-law was a 401c3 non-profit organization, and ask him to give you that money directly to BUY the car from you.

Also, when you give an auto to someone, you have to file a state gift tax exclusion form with the automobile licensing group in your state, on the car, since gifts to family members are typically not taxable at the state level. In order for your brother-in-law to register the car, he needs a sales receipt, or a gift receipt, showing the value of the gift on the form. But again, it's not something you can writeoff.

Answer 2

No.
Charity deduction is itemized deduction. You will take deduction only if your itemized deductions are more than your standard deduction.. Read: http://taxipay.blogspot.com/2008/05/item…