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What are the benefits of donating a car to charity?

April 26, 2017Benefits car Charities charity cross donating International life red Society

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What are the benefits of donating a car to charity?

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There are many benefits associated with donating your car to a local charity. Besides helping out with a worthy cause, there are tax advantages for this particular donation.Tax DeductionAs stated in “A Donor’s Guide to Car Donations,” an IRS publication, the maximum amount you can deduct on your income tax return is the fair market value of your car.