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What else can I help you with?
What kind of documentation is required to claim a tax deduction for a car donation?
For any deduction claimed over $500 you must attach an IRS form 8283 to your itemized return.
Can you get a tax deduction for a donation to a college?
no, no you cant
What is the maximum tax deduction for a donation to charity?
The maximum tax deduction for donation given to a charitable organization is $25,000 but this number changes all the time.
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.
How can I donate to receive a tax deduction?
To receive a tax deduction for your donation, you can donate to qualified charitable organizations recognized by the IRS. Make sure to keep records of your donation, such as receipts or acknowledgment letters, to claim the deduction on your tax return.
Can you use non taxable inheritance money for donation as a deduction?
no
How do I sign up for car donation tax deduction?
You don't need to sign up, you just as the company you donate to for a donation receipt at the time of donation.
What is an example of an act of altruism?
Anonymous donation to a charity
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?
No, your deduction is completely exclusive from the sale price
What is the maximum tax deduction for an auto donation to charity?
The maximum tax deduction for an auto donation to any charity is the full value of the vehicle donated. You can not write off more than the vehicle's full value.
Whether TDS is deductible on donation paid?
No as per income tax act, there is no provision which say for deduction of tax on donation paid.
Can you get a tax deduction for a donation to the Obama campaign?
You can't. Politcal contributions are not tax deductible.
