What type of vehicles may be donated?
We accept all kinds of vehicles for donation to charity. Cars, trucks, vans, RVs, motorcycles, boats, ATVs, and more.
My boat is not running can I still donate it?
Yes Boats4Heroes will accept boat donation with a title whether running or not.
Will I receive a separate tax deduction for the trailer?
No. You will receive one tax-deductible receipt for your trailer and/or boat donation.
Do you accept all types of boats?
All titled boats are accepted. Once you have submitted a boat donation form, a Boats4Heroes representative will contact you within 24 hours to verify and accept your donation.
How much will I receive as a tax deduction for my used boat?
The amount you can claim from the IRS depends on the category applicable to you:
IRS allows you to claim a tax deduction:
If you itemize on your tax return you may deduct either the sale value of your donated vehicle or $500, whichever is greater. You can find more information on charitable vehicle donation tax deductions at: http://www.irs.gov/Credits-&-Deductions
Can I donate without my registration or title?
Boats 4 Heroes requires a registration or title due to variation in state requirements. In most states, a valid certificate of title or deed of trust, clear of liens and transferable is required. In other states such as California, property registered with the DMV, simply requires a valid registration (clear of liens) in donor's name will suffice as long as the property is transferable. Please contact us at: (240) 750-9899 for assistance.
Will I receive a tax receipt upon donation?
Boats 4 Heroes provides a 1098C tax receipt for your donation.
Are you an approved IRS charity?
We are an IRS approved 501(c) charity EIN 30-0526051.
What type of forms and publications can I use or research?
Following forms and publications are available for your use:
The IRS Form 1098C has three basic provisions.
The charity can issue you a receipt based on the sale price of the boat.
The charity can issue you a receipt for fair market value (this is box 5c) in this case the charity does a material improvement of the boat at their cost prior to the sale of the boat. This allows the donor to obtain an appraisal (signed appraisal needed over $5000 IRS Form 8283) the donor can then claim the fair market value of their boat as a donation. The donation value for boats that are valued at less than $5000 can be found referenced on website such as www.NadaGuides.com
Your generosity will provide much needed support to our veterans. Helping Hometown Heroes Foundation a qualified 501(c)3 non-profit Organization. Your donation is deductible to the full extent allowed by law. Please contact your tax advisor for guidance.