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...
by Editor | Jul 25, 2013 | Charitable Tax Break
A charity has a responsibility to best manage your donation. Before making a donation of any kind, ask how much of the gross proceeds will go to the charity. If the organization will only list the percentage of net, then your donation could be largely wasted. Several...
by Editor | Apr 15, 2013 | Charitable Tax Break
With the 2012 filing deadline today, we thought it might be helpful to describe how car donations and tax deductions work to your benefit. For questions not answered here, please feel free to call us at: 877-957-2277. If you donated a car in 2012 to a charity featured...
by Editor | Mar 1, 2013 | Charitable Tax Break
Vets Vehicles is an IRS recognized 501(c)(3) nonprofit that uses the power of vehicle donation to aid in their mission to support the nation’s best veterans organizations. Vehicle donation is a great way for nonprofits to increase their fundraising, but the sad fact...
