Donating your car to charity can result in significant tax savings if you include it in your charitable contribution deduction. However, doing a little planning will ensure that you maximize the tax savings of your donation.
MATT GLYNN
of the transfer area on the back of the title. The donee, or the person receiving the car, needs to fill out the buyer's section. In the area on the title that asks for the car's price, the current owner will write "gift." They must also: ...
Reduce Your Tax Liability by Donating Your Car to...David Stefan
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...