Tax Information
Learn more about the tax information related to the donation of your car to Good Wheels of Silicon Valley.
Taxpayers are allowed to deduct the full amount paid on the sale of their vehicle and because GoodWheel’s pricing structure is based on a vehicle’s retail value (when applicable), the selling price is typically greater than that obtained by a private party seller.
This translates to a higher tax deduction for the donor. In addition, it also maximizes the value of your contribution to us. GoodWheels will clean, detail, and perform minor maintenance on the vehicle.
Good Wheels and Goodwill of Silicon Valley will provide written you with a pdf format within 30 days of the sale of the car or, if the car is to be used for a charitable purpose, within 30 days of the donation.
Here’s how we get you the highest possible tax deduction:
Clean Up Your Car
We’ll perform basic cleaning and refurbishing on your vehicle before we sell it.
Sold at Retail
Instead of selling for parts, we’ll put your donated vehicle up for sale at retail when applicable.
Tax Receipt
We will e-mail you a tax deductible receipt within 4 weeks from pick up.
Question about filing your taxes?
Call 408-639-8630 to speak with one of our representatives.