May 30, 2014

Your Car Donation and the IRS

One of the best parts of donating your car to charity is the tax deductions your act of generosity will earn you. Who wouldn’t want to donate and get thousands of dollars deducted from his taxes?

However, you should note that the IRS has made some significant changes to the way you can claim deductions from your recently-donated car. Here are a few things you need to remember when donating your car to charity: