January 8, 2004

Many Donors Inflate Value of Vehicles They Give, Federal Report Shows

By Stephen G. Greene

Wide gaps often exist between the proceeds charities receive from sales of donated vehicles and the tax deductions claimed by donors, according to a new Congressional report.

Vehicle donations have become increasingly popular in recent years, but Congress is concerned that some taxpayers may be inflating the value of the cars, trucks, boats, and planes they donate to charity, potentially costing the U.S. Treasury millions of dollars in fraudulent deductions.

The new report by

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