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Tax deductible donations are those given to non-profit organizations, such as charities, churches, Salvation Army, etc. Donations of property are also tax deductable, as are monetary "gifts". It is important that you have legitimate receipts for your charitable donations to make sure they qualify as deductions on your tax return.
Wiki User
∙ 16y ago
Wiki User
∙ 7y agoA donation to a properly IRS registered 501(c)3 nonprofit organization with receipt of such for the lower of the fair market value of the vehicle at the time of donation or your basis (cost) is deductible. Note I stated the lower of these two values is what your deduction can be. To be safe you will need to get a fair appraisal of the fair market value of the vehicle and you can deduct that amount unless you paid less for the vehicle. If you ever deducted mileage or depreciation on this vehicle for a business or unreimbursed employee expenses that must also be deducted from your deduction.
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Where can I make a tax deductible car donation?
You can make a tax deductible car donation at donateacar.com
I would like to make a tax deductible car donation without getting into tax trouble, how can I do this?
You can read about the specifics on irs.gov before making a tax deductible car donation.
Which tax form is required to file when I have a tax deductible car donation?
You will need to complete tax form 1098-c for a car donation tax.
Where can one find a charity that accepts car donations that are tax deductible?
Charity organisations are generally not tax-deductible. One charity that accepts car that are tax-deductible is Car Donation Wizard. For more information one can check Infoline.
What chariities are there where I can write off my used car as a tax donation?
If you donate a car to the Rawhide Boys Ranch it is tax deductible.
Is my car donation tax deductible?
Yes, car donations are deductible. Check with the group you donate the car to. If the organization you donate to is a registered charity, yes.
Where can I find information on a tax deductible car donation?
www.donateacar.com and www.irs.gov will both provide information regarding tax deductions for car donations.
were can i donate my car in chicago?
Donateacar2charity.com has information on how to donate a car in the Chicago area. A donation made in Chicago is completely tax deductible.
Where in the California can one find a car donation center for charity?
The website Donate a Car contains a list of charity organizations in California and an online form for donation. They will pick up the car for free and the donation is generally tax-deductible.
Why donation is non-deductible expense?
A donation to an approved tax exempt organization...a 501c IS tax deductible. One to anything else and shouldn't be, because as far as I' concerned, everything I do is a donation to the one getting it.......my grocer, my auto dealer, everyone....and wanto to bet everything anyone has for me they consider a donation to me? Gee, everything is a donation and deductible.
Can you get a tax deduction for a donation to the Obama campaign?
You can't. Politcal contributions are not tax deductible.
Is a donation to a political candidate tax deductible?
Not on your federal 1040 income tax return.
