Tax Disability Credit Form
July 2nd, 2010
Question: How can I get a refund for a donation while on disablity?
Here is my problem, I donated a car to a charity that is able to get a tax credit of at least $500, but we did not work in 2009 we lived off of my husbands disability check all year. So we are not supposed to file a tax return on disability. So how can I go about getting that $500 for the donation? Is there a form or something that I can send in just for that??
Answer: Car Donation. If you donate a qualified vehicle to a qualified organization and you claim a deduction of more than $500, you can deduct the smaller of: * The gross proceeds from the sale of the vehicle by the organization, or * The vehicle’s fair market value on the date of the contribution.
The donation deduction is itemized deduction, which is reported on schedule A (Form 1040). You will take deduction only if your itemized deductions are more than your standard deduction. For this reason many tax filer do not get any deduction for donations.
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