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Form 1098-C Downey California: What You Should Know

Volkswagen Group of America and Volkswagen AG (the “Company”) donated vehicles valued at more than €8.5 million to charitable organizations in fiscal years 2025 and 2025 (“Volkswagen Charitable Gift”), totaling €35.7 million (“Volkswagen Charitable Distribution”). The vehicles donated were valued at €9.1 million on September 1, 2012, and €9.9 million on September 1, 2013. These donations are deductible as a charitable contribution. Donations that are more than €75,000 are not deductible. Volkswagen Charitable Gift and Volkswagen Group are registered trademarks and services are provided exclusively by the Company. Volkswagen Inc. and Mercedes-Benz USA (collectively, the “Company”) and their affiliates have made donations under the Volkswagen Charitable Gift Program and Volkswagen Group Charitable Distribution Program (“Volkswagen Charitable Gift Program”). These programs have been in effect from 1998 through 2025 and resulted in approximately €36.6 million in cash donations distributed to approximately 771,000 persons or organizations in the United States, including local, state and national charities. Taxpayers will be able to make deductions with the 1098-C Form. All donations are subject to excise tax at graduated rates of 28% as defined in IRS Regulations sections 1.6051-1 through 1.6053-1 and 20% as defined in IRS Regulations section 1.6001-2. Volkswagen Group Charitable Distribution Program Volkswagen Charitable Distribution Program is a contribution program under which the Company makes cash donations to charity. Volkswagen Group and its associates donate vehicles (including passenger cars) and services valued at more than €8.5 million (“Volkswagen Charitable Gift”). The value of these donations is 4.0 million (3.9 million for 2013) or less in excess of the applicable threshold (€25,000, €1 million, or €500,000 in 2025 for the Volkswagen Charitable Gift Program and €25,000, €1 million, €500,000 in 2025 for the Volkswagen Charitable Gift Program). Vehicles donated by Volkswagen or its affiliates to charitable institutions under the Volkswagen Charitable Gift Program remain the property of the charitable institution until sold as of 2:00 p.m.

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