Tax Benefits
Your donation may qualify for a Tax Deduction.
By choosing to donate your vehicle through the SHiFT® Vehicle Retirement Initiative you may be eligible to receive a tax deduction.
By opting into this program you are choosing to support the best environmental outcome for your vehicle.
Through a unique partnership with the Automotive Recyclers Association (ARA) ownership of your vehicle will be transferred to the Automotive Recycling Training Institute to ensure dismantling follows strict environmental protocols from start to finish. The vehicle will be transferred on behalf of ARTI to a participating auto SHiFT Partner for commodity value only.
Since the vehicle will be sold for recycling value only the vehicle gross selling price will be determined most often by weight of the vehicle and will likely fall below $500 in most cases. further to the IRS rules regarding car donations you may qualify for a fair market value deduction of up to $500.
Net proceeds from your donation will support the critical work of the Automotive Recycling Training Institute, a 501c3 not for profit organization which trains industry members on the best environmental practices of Automotive Recycling.
Following your contribution to SHiFT you will receive a contemporaneous written acknowledgement (receipt) from the further explaining your tax opportunity.