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You can write off the total value for which the car is sold by the charity from your federal income taxes.

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โˆ™ 2010-02-26 01:22:18
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Q: What kind of tax benefits are there for a charitable car donation?
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What kind of charitable donation might include a car as a prize?

The kind of charitable donation that might include a car as a prize is the kind that aims to get quite a large sum of donations. Giving the car as a prize may be a way to show appreciation.


What amount can I deduct from my taxes for a charitable car donation?

You can deduct about 500 dollars through car donation


Which charitable organizations will pick up a junk car donation from my home in Indianapolis?

Car Angel (carangel.com) will do this anywhere in the country.


Which charitable organizations accept the donation of a used car?

Charitable organizations that accept donations of used cars include Charity Car Canada, Donate A Car, Charity Navigator, and Canadian Diabetes Association.


What kind of tax credit can I get by utilizing a car donation program?

There is no such thing as a tax credit for a car donation http://www.givecars.com/car-donation-claims.html


What can you claim on your taxes for a donated car?

You can claim the charitable donation amount for the value of the car. The charity should provide a receipt with this amount listed.


Do you still get a charitable deduction for junk car donation?

You can still get a tax deduction for the donation of your old car. You will receive a deduction that equals the actual fair market value of the vehicle, and you cannot automatically receive the maximum allowance.


Is a charitable car donation a good idea?

Charitable car donations can be a great idea if you have a vehicle to get rid of and you don't think you'll be able to get much for it in a trade or selling it yourself. Also, donating to a charity can be written off on your taxes.


Which organizations accept charitable car donations?

Feed the Children, Children's Wishes, Unicef, DARE, and St. Jude Children's Research Hospital all accept charitable car donations. To find more organizations that do, one can go to the Car Donation Wizard website.


Where can I find information on the benefits of donating a used car to charity?

Here are a few benefits (do note the source's bias, however): http://www.onlinecardonation.org/car-donation-benefits.htm


Where might one learn how to donate one's car in New York?

There are several ways a person can donate a car in New York. The American Heart Association accepts the donation of vehicles. Wheels for Wishes also accepts the charitable donation of vehicles. Other organizations who accept charitable donations of vehicles can be located by checking with local human services departments.


Are car donors eligible for tax benefits?

Donation of a car is eligible for benefits as long as the organization accepting the vehicle is accepted and qualifies for review by being on the Government Charity Registry.

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