The amount you can claim from the IRS as a tax deduction depends on the category applicable to you: The IRS allows you to claim a tax deduction of: The value of your vehicle up to $500. It is up to the donor to determine the fair market value. The amount we sell your vehicle for - if it is more than $500. Karskids 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 Car Donation.