Home
Forms Library
Tax Year 2023 502V Use of Vehicle for Charitable Purposes

Tax Year 2023 502V Use of Vehicle for Charitable Purposes-2026

Tax Year 2023 502V Use of Vehicle for Charitable Purposes Preview on Page 1

See details

4.1 out of 5

56 votes

The document is a Maryland tax form (502V) for reporting unreimbursed vehicle expenses incurred while providing charitable services to qualifying organizations, such as nonprofit volunteer fire companies. It outlines the calculation of mileage deductions for the year 2023, including instructions on how to report total mileage, reimbursements, and itemized deductions. The form emphasizes maintaining documentation and provides contact information for further assistance.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out Tax Year 2023 502V Use of Vehicle for Charitable Purposes with DocHub

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open it in the editor.
Begin by entering your first name, middle initial, last name, and Social Security Number in the designated fields.
If applicable, fill in your spouse’s first name, middle initial, last name, and Social Security Number.
Identify and enter the qualifying organization you are volunteering for. Remember that these organizations must be recognized under Section 170 of the Internal Revenue Code.
Record the total mileage incurred while providing qualifying services from January 1, 2023, to December 31, 2023.
Multiply the total mileage by 65.5 cents and enter this amount on line 2.
Document any reimbursement received for mileage on line 3.
If you have claimed any portion as an itemized deduction on your Maryland return, enter that amount on line 4.
Add lines 3 and 4 together for total deductions from mileage allowance on line 5.
Finally, subtract line 5 from line 2 and enter this amount on line 6 for modifications related to charitable vehicle expenses.

Start using our platform today to complete your Tax Year 2023 form easily and for free!

See more Tax Year 2023 502V Use of Vehicle for Charitable Purposes versions

We've got more versions of the Tax Year 2023 502V Use of Vehicle for Charitable Purposes form. Select the right Tax Year 2023 502V Use of Vehicle for Charitable Purposes version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2023	4.1 Satisfied (56 Votes)
2022	4.4 Satisfied (33 Votes)
2021	4.8 Satisfied (245 Votes)
2020	4.4 Satisfied (200 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How to write off a donated vehicle on taxes?

Donating a car to the IRS can provide a tax deduction if given to a qualified charity. Obtain a written acknowledgment from the charity, including the vehicles sale price or fair market value. Complete IRS Form 8283 if the deduction exceeds $500. Keep all records and receipts for your tax return.

How do I figure out my car expenses for charitable contributions?

Car expenses. If you dont want to deduct your actual expenses, you can use a standard mileage rate of 14 cents a mile to figure your contribution. You can deduct parking fees and tolls whether you use your actual expenses or the standard mileage rate. You must keep reliable written records of your car expenses.

What is a 1098-C for a car donation?

Form 1098-C is the form youll receive after you donate a vehicle to a charitable organization. Charitable organizations send you this form after youve donated a car, boat, or airplane valued at least $500. You can use Form 1098-C to claim a deduction for your charitable contribution.

What is the maximum charitable deduction for a car donation without itemizing?

Your deduction may not exceed $500. Time and Manner of Providing Acknowledgment You must obtain the written acknowledgment from the charity within 30 days from the date of the vehicles sale, or if an exception applies, within 30 days of the date of the donation.