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Boat Donation Tax Deduction

How much will I receive as a tax deduction?

The IRS allows you to claim a tax deduction of the amount the boat sold for. Your tax-deductible receipt will be for the boat's full sale price.

You can claim the fair market value of the boat, up to $500. According to the IRS, it is up to you to determine the fair market value of your boat.

The Donor's Guide

All your questions about getting a boat donation tax deduction answered in one comprehensive, easy-to-read, jargon-free guide.

Download your free guide Tax filing tips: how to claim your deduction
Boat Donation Tax Deduction

How we work to get you a high deduction:

Market experts

Experienced agents evaluate each boat to determine its value and how much we can expect to sell it for.

Get the highest sale price

Depending on the local market, we’ll either sell the boat at auction, to a dealer or a local yard.

Negotiate highest price

We don’t settle for the first price we’re offered. We keep the boat on the market until we’re satisfied we’re getting the highest sale price.

Tax Deduction Tips

It’s not hard to claim the tax deduction for your boat donation. Here’s what you have to know.”

David Kronglas, Kars4Kids Controller

We're here to help!

Kars4kids is a classified 501(c)(3) charity organization. You can check with your tax advisor or accountant to determine the amount of your benefit.The deduction is of value only if the donor itemizes his or her deductions. For a more detailed overview the IRS publishes a Donors Guide to Vehicle Donation.