The IRS allows car donors to claim a tax deduction for the value of a vehicle up to $500. It is up to the donor to determine the fair market value of the car. If the sale price exceeds $500, the donor receives a tax deduction in the full amount for which the vehicle is sold.
In addition to saving on taxes, donors receive a vacation voucher for a 2-night/3-day hotel stay voucher for 2 adults and 2 children with a choice of 50 locations. The hotel destinations offered in this program are 3-star hotels, similar in quality to the Choice Hotels brand and La Quintas. While there are no fees for using the vacation voucher, the voucher holder is responsible for any taxes on the hotel stay and is required to make a fully-refundable standard hotel reservation deposit of $50.