HOW CHARITY CAR DONATION CAN SAVE YOU TIME, STRESS, AND MONEY.

If the car is worth $500 or maybe more and the charity intends to use the auto in its functions, you could deduct the FMV. However, Should the charity sells the car, your tax deduction is mostly limited to the Corporation’s gross proceeds with the sale.The donor can continue to be liable for the motor vehicle. This suggests liable to the client A