by Emily Kelley | Nov 7, 2018 | Charitable Tax Break
2018 is wrapping up, and tax season is rapidly approaching! You might be wondering about the tax benefits of donating your car to charity. If you have any tax questions about how much you can claim or how the donation process works – and helps you – then...
by Ali Lyons | Feb 23, 2018 | Charitable Tax Break
The 2018 Job Act will bring many changes to US households. It will also significantly impact the nonprofit industry and how and why people choose to donate.The 2018 tax changes allow individuals a standard deduction of $12,000 ($24,000 for married couples). This means...
by Editor | Dec 8, 2014 | Charitable Tax Break
Donating a car can seem like a daunting task but here at Car Donation Wizard we provide all of the necessary information that our donors need to know before they make that big decision. Firstly, knowledge is key. There are a lot of car donation programs out there...
by Editor | Mar 5, 2014 | Charitable Tax Break
1.How much can I deduct? When you donate a car via Car Donation Wizard, the IRS allows you to claim a tax deduction of: a) The value of your vehicle up to $500. It is up to the donor to determine the fair market value. b)The amount we sell your vehicle for – if...
by Editor | Jan 28, 2014 | Charitable Tax Break
With tax preparations for 2013 underway, Car Donation Wizard wants donors to know that donating your car to charity not only helps the organization fund worthwhile research and activities, but you also may be eligible to claim a tax deduction for your charitable...
by Editor | Aug 26, 2013 | Charitable Tax Break
When you donate a car you may deduct the fair market value when filing your taxes, this may be different than the Kelly Blue Book Value, as vehicle worth varies depending on the type of re-sale marketplace. The actual amount you are able to deduct is dependent on what...
