Many people have chosen to donate a car to charity. By donating their car instead of selling it, the organization can benefit, instead of the donor just receiving the purchase price. Those who donate their cars receive an income tax deduction, which is an attractive prospect to those who need something to offset extra income.
Where can I donate my used car?(0 Answers)
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No answers yet.
Should I sell my car for scrap metal or donate it to charity?(1 Answer)
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When you donate your car it is tax deductible and will help children. You can download the IRS Donation Guide here: http://www.irs.gov/pub/irs-pdf/p4303 ...
References
Fast Facts
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Fact:
Donating your car to charity may qualify you for deductions on your Federal Income Tax. Be sure to check with your local tax preparer before donating.
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Fact:
The Cash for Clunkers program has impacted the number of people donating cars to charity.
