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How much can you claim for a donated car?
Asked by unknown
1 Answers
If the donated vehicle is sold for less than $500, you can claim the fair market value of your vehicle up to $500 or the amount it is sold for if less than fair market value. If the donated vehicle sells for more than $500, you can claim the exact amount for which the vehicle is sold.
Is it better to donate or sell your car?
Asked by unknown
1 Answers
Generally, donations are tax deductible. You can deduct the fair market value of the car if the charity gives the car away or uses it for charitable purposes. If the charity sells the car, you can deduct the amount and get a break on your taxes.
Can I donate a non running car?
Asked by unknown
1 Answers
You Can Donate Your Car Even if it is Not Running. You can still donate your car to charity & receive a tax deduction.