Car donations involve giving a vehicle to a charitable organization. The charity organization you donated to may sell the car and use the proceeds to fund their programs. So what will you get in return? You can qualify for a tax credit. The tax benefit of donating a car to charity depends on the fair…
It looks like you are thinking about donating your car and scoring those sweet tax credits. When donating a car for a tax credit, ensure you avoid common mistakes that could jeopardize your tax benefits. Before you jump in, hold your horses! I’m about to lay down the knowledge on the most common blunders folks…
Charity organizations need that old car you parked in your garage and haven’t driven for the past three years. That’s not all. The good news is that you can get a tax write-off when you donate the car. The current increase in the prices of new cars in the market has increased the demand for…