NOT KNOWN DETAILS ABOUT CHARITY CAR DONATION

“I couldn't believe I could donate my junk motor vehicle and help Habitat for Humanity. It were in an accident, but you still towed my motor vehicle absent immediately and simply!” — Connor M., Hartford, CTYour charitable act may become a strategic shift, lessening your taxable revenue as well as your tax liability.A: Most states demand yo

Donors will now not be responsible for pinpointing the deductible price of their donation. Rather, they're going to get IRS Type 1098-C, Contributions of Motor Cars, Boats, and Airplanes When the proceeds with the sale exceed $500, stating the amount of the gross proceeds within the sale of your donated motor vehicle. The amount shown on IRS Type 1