Tax Return on Your Car Donation

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One of the best ways to get rid of your old car is to donate a car to charity.
This will allow you to claim a tax deduction for a value of the car.
But before you do this, you should first consider several advices about car donation.
First, you should inform yourself about what are the laws in your state or a country regarding car donation.
You can donate a car in all states, but requirements and documentation that you need are different.
Therefore, best way is to find everything that you need in local government office.
Very important thing is to check charitable organization where you want to donate your vehicle.
Easiest way is to check listing on IRS web site.
If it is there than that's fine, but if charity organization is not listed, than you won't be able to claim your tax deduction.
Also, you have all rights to find out what will charity organization do with your vehicle.
Some will use donated car for a transport of poor people in need, while other will sell a car to raise funds.
In any case, you have every right to get information about their plans for a car.
If you don't receive a reasonable response, maybe you should change charity organization.
For IRS purposes, you should come up with reasonable price for your car.
Discuss this matter directly with IRS, because they have few guides that can help you to find acceptable price for both sides.
And tip for the end.
All questions that you maybe have, discus with IRS, because that is the only way to get accurate information.
And keep in mind that with your donation you will help to somebody in need, and that is the right thing to do.
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