Before you trade in your old motorcycle, consider donating. The tax deduction may exceed trade-in value.
Motorcycle trade-in values are notoriously low — dealers need room for profit. Your tax deduction from donating is often based on a higher value, and the entire amount supports veterans instead of dealer margins.
As a 501(c)(3) nonprofit, Soul Miners provides a tax receipt for every donation. The IRS allows you to deduct the fair market value or the sale price of your vehicle, whichever applies. Consult your tax advisor for personalized guidance on maximizing your deduction.
Ready to donate and support veterans?
Call 800-940-6416 NowDisclosure: Soul Miners is a 501(c)(3) nonprofit. After operating costs (towing, processing, title transfer, and administration), a portion of the net proceeds from each donated vehicle benefits veteran programs.