Things to Consider Before You Donate Your Car to Charity
If you’re planning to donate your car to charity, there are a number of things to consider. First of all, you can claim a tax deduction for the car donation. Generally speaking, you can claim 90% of the standard deduction for charitable contributions. In addition, you can itemize deductions. Tax deductions for car donations If you have donated a car to charity, you may qualify for tax deductions on the sale price. This deduction is subject to certain rules and regulations. First, you must obtain an official written appraisal of your car. Most charities will sell donated cars to raise money. However, you should be …