The receipt may not be prepared until the car is sold at auction. TheIRS car donation rulessay that you must use the fair market value of the vehicle to determine your tax write-off if it is donated to be used. Additionally, you must use the profit amount for your tax write-off if your vehicle is donated to be sold. The receipt allows...
Reduce Your Tax Liability by Donating Your Car to...David Stefan
Donate your car to charity and receive a tax deduction with the car donation tips at LifeTips. Many types of vehicles can be donated, including trucks, RVs, and boats. Be sure that the car donation charity you choose is legitimate and registered with the
MATT GLYNN
Getting a tax write-off for charitable giving is a nice benefit, but the primary motive for donating to charity should be altruism. The classic saying among charities is that people can donate three ways: Donating time. Volunteering time is a great way to involve children in charitable activiti...