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I'd like to make a donation of my car to get a tax deduction, if they make a lot of money selling it do I get a bigger deduction?
Wiki User
∙ 14y ago
No, your deduction is completely exclusive from the sale price
Wiki User
∙ 14y ago
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Can you use non taxable inheritance money for donation as a deduction?
no
Do you receive a tax deduction if you participate in a car donation program?
Yes, one does receive a tax deduction is one participates in a car donation program. However the amount of money deducted from their bill will vary on the type, make, and year of the vehicle being donated.
Why does one get a tax deduction when one makes a donation?
One receives a tax deduction when making a donation because of the laws governing tax legislation in the United States. It is encouraged for the wealthy to give, and when donating to charity, the government of a nation does not have to provide as much care for that particular social service, and in the long term, saves the government money.
Can I save on my taxes by giving a vehicle donation to charity?
You can take a deduction for the price at which the donated vehicle was auctioned on behalf of the charity. The charity to which you donate will arrange to have the car auctioned. The charity will be notified of the money raised by the sale. You will then receive this notification. This is the amount you can use as a deduction.
Which blood donation makes more money?
You don't make money by donating blood. You only make money by selling your blood plasma. Blood plasma is the yellow and protein-like component of your blood.
What does Cratchit do for the thin man?
Cratchit Gives the thin man a donation, or money. Cratchit gives the thin man a donation, or money. Cratchit gives the thin man a donation, or money.
How do hospitals get money?
Hospitals get money from the patients, they get donation.
What is a voluntary income deduction?
Voluntar income deduction is money taken from your gross pay that you have control over.
Donation of money to the poor?
Is called charity.
What is a pre tax deduction?
A deduction taken out of payroll for something, reducing the income tax is applied to. Hence you get to pay that item with "pre tax" money...which is cheaper than after tax money.
What is a pre-tax deduction?
A deduction taken out of payroll for something, reducing the income tax is applied to. Hence you get to pay that item with "pre tax" money...which is cheaper than after tax money.
What is the difference between body language of someone selling something and someone persuading for a charity?
Basically there isnt a difference if both parties are actually focused on "selling" their product. The process is the same - That of trying to convince someone to part with their money for either a physical product or a donation which will purchase a product for the charity.
