What is the advantage of donating my car to PS-S?
Cars donated to the Project Self-Sufficiency Cars for Families program are not sold, but become the major form of transportation for selected PS-S families and others served by the Larimer County Workforce Center. Under a law that went into affect on January 1, 2005, your deduction for a donation of a ‘qualified vehicle’ that a charity sells is limited to the gross sales proceeds. However, your deduction for the same donation vehicle when a charity uses it in its work is the vehicle’s value at the time of the donation. Please consult with a tax professional for further information.
