Posted on 2019 Jun 27

Duipee

Car Donation Tax Deduction

Donating your car or vehicle to charity can be a great way to get a tax deduction.
It’s not hard to claim the maximum tax deduction for your car donation. Here’s what you have to know.

Prior to January 2005, the IRS was allowing people who donated to a qualified car donation program to take a tax deduction based on their vehicle's market value no matter how much or how little the vehicle sold for. Determining the market value of a donated vehicle is often quite difficult and time-consuming, which made determination of the amount of the tax deduction confusing.
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