Get the Most out of Your Car Donation Tax Deductio
March 14, 2010 - 10:06 pm
If you want to get the most out of your car donation tax deduction here are a few points that may be beneficial to you.
The first thing you need to know is the eligibility of the charity that you are donating to. You can search on the internet for Publication 78 for charities that qualify. Second thing to keep in mind is to itemize your deduction when it comes to claiming your donated car for tax deduction. A great resource to use is a used car buying guide. They are invaluable at determining the fair value of your car. You also need to file a Charitable Contribution Deduction when applying for your car to donate for tax deduction.