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Isn donating my car a better way to make money by saving money on taxes?

April 26, 2017car donating money Saving Money taxes

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Isn donating my car a better way to make money by saving money on taxes?

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The IRS changed the car donation laws starting January 1, 2005. Now you can only deduct the amount the car was actually sold for, not the Blue Book value. For more information on the new laws, visit these web sites: http://www.kxan.com; http://nonprofit.about.