Donating your car to charity is not as difficult as you might imagine. There is standard paperwork that the organization you are donating too should give you. If they do not they are cheating you. The IRS rules for itemized deductions are clear and they should not be difficult to figure out. There are different rules if your vehicle will be sold by the charity than if it will be kept by the charity and used. Read more inside.

The IRS rules on donating a car to charity have changed the last few years. The way tax deductions were allowed is what has changed. In the 1990’s the majority of people who donated vehicles were of the middle class, and some of the donations were for tax advantages. But now the wealthier classes are donating more since they are seeing greater tax benefits than the middle class. Read more in this article.

Business who have an excess of cars that were in their fleet of vehicles can donate them to charities and receive the same kinds of tax breaks that individuals receive, or even better. Businesses who donate cars to charity should refer to their accountant for the most up to date rules, but a tax deduction is probable. This is an area of tax savings not normally thought about by many companies. Read more in this article.

Car donating can work out for you and your taxes. The more you fix up your car for donating the more you will benefit tax-wise. You may want to know if your donated car is actually going to be used. You can contact the charitable organization you are donating too to find out. Read more in this car donation article.

Not all car donation deductions are created equal – there are even cases where donating an auto in good faith can actually increase your tax owed under certain circumstances. Like anything else involving the IRS, the burden of proof is upon you, so the more information and documentation you have to back up your car [...]

Most people assume that car donation and charity giving are tools the rich alone are able to use to ease their tax burden.  This couldn’t be further from the truth!  Anyone can file a tax return with itemized deductions if they bother taking the time and effort to do so.  Though you are responsible for [...]

In April, if you are like most Americans you will be thinking about taxes and tax deductions.  Really, not that many people may use donations of physical goods such as furniture, clothing or automobiles on their itemized deductions.  Keep in mind that tax

It may not be in your best financial interest as far as basic economics are concerned, when making an auto donation, whether that donation is a truck, car, RV. Of course, charitable giving is it’s own reward for most, but if you actually consult your