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What are the rules for DONATING CARS to charity?

April 26, 2017cars charity donating rules

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What are the rules for DONATING CARS to charity?

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For donations of automobiles to qualified charities beginning January 1, 2005, your deduction is limited to the actual amount that the charity receives from the sale of your vehicle. An exception applies to vehicles that end up being used by the charity. The charity will give you a receipt for the amount that they received from the disposition of your vehicle.