Form 1098-C Vancouver Washington 2025

Form 1098-C Vancouver Washington: What You Should Know

Best Selling Car Charity in Vancouver, WA — Car2Go is a car sharing organization that allows people to rent their vehicles to other motorists without worrying about their tax liability. Do You Need to Get a New Vehicle in Washington? Some states, including Washington, require that donors of vehicles purchase new vehicles for a special use. But, there are many other states that no longer require such a requirement. Some states require that you purchase the new vehicle before you donate your current vehicle. But, you can make that contribution now. If the donor makes a donation from home, they can make the donation of a used vehicle. In Washington, if you don't transfer the ownership of your vehicle, or if that vehicle is used for your business, it is considered a “business use” for the purposes of the federal Motor Vehicle Excise Tax Act. The law requires you to pay up to 2.5% of the selling price of your vehicle.  Some states, such as California, do not have this tax on the “business use” portion of the purchase price or do not tax the business use portion of the price of the vehicle. You can find out how the federal and some other states treat your charitable car donation in our Car Donation in Washington article. You are entitled to deduct the fair market value of your car or truck against your federal income tax, as long as the donation is fully complied with by the IRS. For donations of more than 500, the value of the vehicle must be reported on your federal tax return. How to Check if You Have to Pay Tax on a Donation of a New Vehicle If your motor vehicle is more than five years old, and you are donating it to a qualified organization or a qualified nonprofit entity, or you are donating it for a qualified charitable purpose, the Federal Insurance Contributions Act (FICA) requires you to pay both a tax and an excise tax on your donations. The FICA tax is imposed on employers who “guarantee” the payment of unemployment compensation for employees who make contributions. It has been suggested that if you have a vehicle for non-business purposes, and you are making a donation, that you might want to consider a different type of donation. In that case, a qualified business use and charitable use or qualified charity use would apply instead.

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