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Donating your vehicle to charity can help you when tax time comes around and it's also a great way to help people that are in need. The following tips will help you understand your obligations, and what is required to get the charitable donation credited on next years taxes.
Do You Itemize Your Taxes?
In order to receive a
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Donating your used car to charity is a win-win situation; the charity gets your gift and you get tax deduction. Below are some simple steps to make a car donation.1. Understand the rules. A good place to read the government rule on car donation is IRS Publication 4303, A Donor's Guide to Car Donations (available on the
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Donating your car is a great way to help out worthy causes. Your
car donation is fully tax deductible, as long as the charity is
a registered 501(c)3 organization. It is best to check with the
charity or your tax advisor to ensure you are entitled to a tax
deduction.
Even though some of the car donation tax laws changed a few
years
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