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Ask Questions Before Making Car Donations 27 Aug 2013 | 05:00 am
Many major charities accept car donations, letting people donate used vehicles for a good cause and get a tax write-off in return. But the process is not as simple as making a phone call, dropping off...
Keep Records When Donating Cars 26 Aug 2013 | 05:00 am
Donating cars is an excellent way to help a favorite charity while getting rid of used vehicles. Many donors also use car donations for tax deductions. It is important to carefully document your car d...
Plan to Document Your Car Donation 25 Aug 2013 | 05:00 am
Car donation programs have grown so rapidly that the IRS and Congress decided to bring more oversight to the system. Officials were concerned about reports of abuse in charitable giving. Among the c...
Use Form 8283 When Filing a Claim 24 Aug 2013 | 05:00 am
When claiming a car donation tax deduction, you must use Form 8283, "Noncash Charitable Contributions," if it is valued at more than $500. Fill out Section A of the form if your total deduction for a...
Follow Car Donation Rules to Avoid IRS Problems 22 Aug 2013 | 05:00 am
Be careful to follow car donation IRS rules when claiming a car donation tax deduction. They changed in 2005 to end abuses in the popular practice of giving used and unwanted cars to charities. If yo...
Special Rules for Deductions Over $500 20 Aug 2013 | 05:00 am
Car donation tax law changed in 2005 for taxpayers who claim a deduction greater than $500. If the vehicle is sold by the charity, the deduction claimed by the donor cannot exceed the gross proceeds f...
Verifying a Charity's Tax-Exempt Status 19 Aug 2013 | 05:00 am
Car donation tax deductions are only accepted for donations made to tax-exempt charities. So it is incumbent on the taxpayer to verify an organization's tax-exempt status. Ask to see the charity's IRS...
Car Donations Common for Charitable Giving 18 Aug 2013 | 05:00 am
Car donation tax deductions lowered American consumers' tax liability by a whopping $654 million, according to IRS figures for 2000. Vehicle donations are increasingly common, with solicitations for d...
Know the Tax Rules for Car Donations 17 Aug 2013 | 05:00 am
Car donation programs are popular vehicles for charities to raise funds. Car donations appeal to taxpayers who want to get rid of used vehicles and take the tax deductions. IRS rules give specific gui...
Car Donation Services Benefit Donors in a Variety of Ways 16 Aug 2013 | 05:00 am
What are you looking for in car donation services? If it is simply speed, convenience and a program that will take an inoperable car, you may want to contact a national clearinghouse that represents ...
