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...
by Editor | Dec 3, 2012 | Charitable Tax Break
For some households, a car donation may be the single largest charitable gift made during the year, or ever. This is all the more reason to make sure that the donation is being used for the greatest charitable benefit and that you can take full advantage of any...
by Editor | Nov 15, 2012 | Charitable Tax Break
By Brett Hersh – Let’s Talk Taxes , journal-news.net The economic drought has stunted many nonprofits’ ability to serve their communities – just when their services are most needed. As traditional donation streams dry up, charities are reeling to...
