Is there a car donation tax if I donate my car?

Is there a car donation tax if I donate my car?
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1 Answer

Answer :

There is a car donation tax credit if you donate your old car to an authorized charity. The current deduction value limit is $500.
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Related questions

Where can I go to donate my used wheelchair in the Seattle area that will also allow me to use the donation as a tax deduction?

Description : Where can I go to donate my used wheelchair in the Seattle area that will also allow me to use the donation as a tax deduction?

Last Answer : Goodwill donations are tax deductable, and there are several stores in the Seattle area where yuo can donate your wheelchair. You may also want to look for a local charity for the disabled, or homeless shelter, as it is possible both could take your wheelchair as a tax deductable donation.

Blood pressure rises after giving blood , what to do now ? I donated blood yesterday , I donate blood regularly for four months in a row, since the blood donation this time my head is spinning , my body is shaking , this has never happened before , so I measured the pressure 126/6 which is normally 120/60 , now my head is spinning and my body is shaking , Tomorrow , I have an exam on the 7th, I can't read , what should I do at this moment ?

Description : Blood pressure rises after giving blood , what to do now ? I donated blood yesterday , I donate blood regularly for four months in a row, since the blood donation this time my head is spinning , my body is shaking , ... , I have an exam on the 7th, I can't read , what should I do at this moment ?

Last Answer : Consult your doctor to control your BP. You will eat sherbet with lemon juice and salt , chew blackberries regularly.

Deepa decided to donate 16% of her monthly salary to an NGO. On the day of donation she changed her mind and donated Rs. 6,567/- which was 75%of what she had decided earlier. How much is Deepa’s monthly salary? a) Rs. 54,725/- b) Rs. 58,756/- c) Rs. 56,700/- d) Rs. 55,696/- e) Rs. 52,696/-

Description : Deepa decided to donate 16% of her monthly salary to an NGO. On the day of donation she changed her mind and donated Rs. 6,567/- which was 75%of what she had decided earlier. How much is Deepa’s monthly salary? a) Rs. 54,725/- b) Rs. 58,756/- c) Rs. 56,700/- d) Rs. 55,696/- e) Rs. 52,696/-

Last Answer : Let the Deepa Monthly Salary = x Deepa decided to donate 16% of her monthly salary. On the day of donation she changed. So, 75%of she had decided earlier of 16% 16 × 75/100 = 12% Therefore = 12%= Rs. 6567 100% = Rs .6567 × 100 / 12 x = Rs. 54725 Answer: a)

Is my car donation tax deductible?

Description : Is my car donation tax deductible?

Last Answer : Yes, car donations are deductible. Check with the group you donate the car to. If the organization you donate to is a registered charity, yes.

What kind of tax credit can I get by utilizing a car donation program?

Description : What kind of tax credit can I get by utilizing a car donation program?

Last Answer : There is no such thing as a tax credit for a car donation http://www.givecars.com/car-donation-claims.html

Where can I make a tax deductible car donation?

Description : Where can I make a tax deductible car donation?

Last Answer : You can make a tax deductible car donation at donateacar.com

If I made a car donation can I qualify for a tax deduction?

Description : If I made a car donation can I qualify for a tax deduction?

Last Answer : No this year they are giving no tax breaks for that.

How much of a tax credit can you get for car donation?

Description : How much of a tax credit can you get for car donation?

Last Answer : It is based on the "Actual Fair Market Value".. The prices ranges from car to car. Your find out the credit you will get when you donate your car.

How does one input donation write offs during tax season?

Description : How does one input donation write offs during tax season?

Last Answer : answer:You can deduct up to a certain amount of your charitable contributions (currently equal to your percentage of tax due). The way you do it is by itemizing your deductions.

What year does the donation tax start ?

Description : What year does the donation tax start ?

Last Answer : Donation tax started in 1956 .

What type of investment or donation is eligible for tax rebate ?

Last Answer : If a taxpayer invests or donates in the following cases, he will get 15% direct income tax rebate on the investment and donated amount. Investment Sector: Below is a list of investment and donation sectors of a ... applicable) or 1 , 50 , 000 , 000 /. = Money or actual investment, whichever is less

Is it possible to get a tax deduction for an RV donation?

Description : Is it possible to get a tax deduction for an RV donation?

Last Answer : Yes, you can have a deduction but you must be sure that the charity your are donating it to is a registered 501(c)3 organization. It is a requirement from the IRS.

What is the maximum tax deduction for an auto donation to charity?

Description : What is the maximum tax deduction for an auto donation to charity?

Last Answer : The maximum tax deduction for an auto donation to any charity is the full value of the vehicle donated. You can not write off more than the vehicle's full value.

If you win a prize to donate to charity do you get it as a tax write off?

Description : If you win a prize to donate to charity do you get it as a tax write off?

Last Answer : It would be a tax write-off . . . of itself. So net zero effect on taxes. Though if you ever “itemize” deductions, then it might make a difference in some arcane way.

What are some charitable organizations I can donate to that are tax deductible?

Description : What are some charitable organizations I can donate to that are tax deductible?

Last Answer : The charitable organizations which provide tax deductions for donations include Green Planet, City International, For Humanity, Christian Mission, Parents and Children Together etc,

What is the maxiumum deduction for junk car donation?

Description : What is the maxiumum deduction for junk car donation?

Last Answer : There isn't a set in stone maximum deduction. However since 2005 the IRS has adopted tougher rules limiting the deduction to the actual sales price of the car if it is over 500$. The charity has to ... 30 days, but you have no right to know what the deduction will be before you donate the vehicle.

Do you still get a charitable deduction for junk car donation?

Description : Do you still get a charitable deduction for junk car donation?

Last Answer : You can still get a tax deduction for the donation of your old car. You will receive a deduction that equals the actual fair market value of the vehicle, and you cannot automatically receive the maximum allowance.

How do I write off a salvation army car donation?

Description : How do I write off a salvation army car donation?

Last Answer : A few years ago you used to be able to write off the full amount of the Kelly Blue Book value of the car you donated. But since lawmakers have tightened up the laws you can now only claim what the ... doesn't sell it you will need to contact them to find out the amount you can claim on your taxes.

What amount can I deduct from my taxes for a charitable car donation?

Description : What amount can I deduct from my taxes for a charitable car donation?

Last Answer : You can deduct about 500 dollars through car donation

How do I make a junk car donation?

Description : How do I make a junk car donation?

Last Answer : You can donate a car to charity by checking with various local charities such as the Salvation Army, Goodwille, or Mel Trotter minisitires

Where can I find a car donation center in Chicago?

Description : Where can I find a car donation center in Chicago?

Last Answer : There are many charities that accept car donations. Check with local charities such as Goodwille, Salvation Army, or Mel Trotter ministries.

Donate a car and claim it on 2007 taxes?

Description : Donate a car and claim it on 2007 taxes?

Last Answer : answer:Check out womanmotorist.com. There is good article about it. I can email the link if you want but my iphone won't cut and paste the insanely long URL... Hint hint apple. Basically it says if your ... can verify from one of the guys under my command, the IRS will slap your peepee if you do...

Where can I donate my used car engine to help others in need?

Description : Where can I donate my used car engine to help others in need?

Last Answer : Many major charities accept used cars and car parts. They then resell these pieces and keep the profit to help serve those in need. Contact the major charity in your area, such as Goodwill or the Red Cross, to inquire about whether they accept car parts.

Where could I donate a junk car to charity in Iowa?

Description : Where could I donate a junk car to charity in Iowa?

Last Answer : There are multiple charity options in Iowa that will accept a car donation. Most charities will give you the standard tax deduction form for donating including The Salvation Army, contact (402) 342- ... give you the choice between using your donation as a tax deduction or receiving a free vacation.

What is the best charity to donate my gently used car?

Description : What is the best charity to donate my gently used car?

Last Answer : Goodwill. They have many locations and an established reputation.

What are the best charities to donate a used car to?

Description : What are the best charities to donate a used car to?

Last Answer : Some of the best charities to donate your used car to are www.donate-car-for-charity.com www.donateacar.com www.kars4kids.org

Where can I find information online about how to donate a car to veterans?

Description : Where can I find information online about how to donate a car to veterans?

Last Answer : The Purple Heart Car Donation program benefits wounded and disabled veterans. You can reach them at (888)414-GIVE.

What is the best charity to donate my car to?

Description : What is the best charity to donate my car to?

Last Answer : There are several reputable organizations that you can donate your car to, including Kars4Kids, Cars for Kidneys, Cars for Homes. Whichever you choose, check the Better Business Bureau to make sure they are not a scam.

What happens to the vehicle when you donate a car to veterans?

Description : What happens to the vehicle when you donate a car to veterans?

Last Answer : In most cases if possible the car is sold and the proceeds are used to help the veterans.

Where can I go to find places to donate my car to a charity?

Description : Where can I go to find places to donate my car to a charity?

Last Answer : There are many websites to locate charities in your area. You can visit www.donate-car-for-charity.com.

Where can I find a reliable agent to donate my car to veterans in NY?

Description : Where can I find a reliable agent to donate my car to veterans in NY?

Last Answer : Give the Eastern Paralyzed Veteran Association in Flushing, New York to see if they can accept your car as a donation. [718]352-1217

How can I donate my car to the Cancer Society?

Description : How can I donate my car to the Cancer Society?

Last Answer : There is a website called "Cars for a Cure" where you can fill in a car donation form with your vehicles information and location. They will then contact you via email to arrange the pick up details and transfer documentation.

Can I donate my car to an auto shop?

Description : Can I donate my car to an auto shop?

Last Answer : A car can be donated to an auto shop. An auto shop benefits from these donations as the parts in a car are then used for other purposes. Different cars fetch different prices depending on their value.

How to Donate Your Car

Description : How to Donate Your Car

Last Answer : How to Donate Your Car Cars aren't exactly the kind of thing you throw in a trash can. Having an unused car hanging around in your garage is not just an eyesore; it's also a wasted opportunity ... certificates. Check up on the charity if they're ready to distribute your freebies, if there are any.

Would it be possible for NPR to offer a donation option of not having to listen to their pledge drives?

Description : Would it be possible for NPR to offer a donation option of not having to listen to their pledge drives?

Last Answer : (Yay! You’re here!) And to answer the question, I would gladly go for that option.

Is there a con side of opt out program (organ donation, body to medicine)? See detail.

Description : Is there a con side of opt out program (organ donation, body to medicine)? See detail.

Last Answer : Some families are opposed to organ donations, and if someone fails to opt-out and then dies, the family may be upset when the body is harvested. A recent case in Northern California involved ... California declaring her dead. Her organs could have helped dozens of people but the family was opposed.

Is this normal for blood donation?

Description : Is this normal for blood donation?

Last Answer : answer:Bruising is not unusual. It usually starts not long after the blood draw and yes, it can stick around for a couple of days. The hole opening up again – that’s sort of odd. Call the phone number on the paper that they gave you.

Does our $20 donation or even $100 donation help save starving childrens' lives?

Description : Does our $20 donation or even $100 donation help save starving childrens' lives?

Last Answer : answer:Canadian Unicef gives this breakdown…. •4% of your donation goes on administration •20% of your donation is used for fundraising That means 76% goes to the actual programs. That’s a pretty good ratio

Does frequent blood/platelet donation harm your veins?

Description : Does frequent blood/platelet donation harm your veins?

Last Answer : answer:No, because you're not putting anything other than blood and saline back in. From what I understand, it's pushing something into your vein that is not normally full strength in the blood ... her vein. That's because of the strength of the cocktail interacting with the walls of the vein.

Donation Week for Favorite Station?

Description : Donation Week for Favorite Station?

Last Answer : I’m a sustainer

Is there a difference between a donation and a fee?

Description : Is there a difference between a donation and a fee?

Last Answer : answer:Ask the guy directly. Look him in the eye and says “Donation or fee?” Remind him that giving you a bit of a hard time is very unzen-like. Or I’ll simply send Milo there to boop him in the face for being passive-aggressive.

Has anyone else noticed the new push by charities to even out contributions by pushing monthly donation deductions -- and the parallel development of cloud drive technology?

Description : Has anyone else noticed the new push by charities to even out contributions by pushing monthly donation deductions -- and the parallel development of cloud drive technology?

Last Answer : answer:I'm not sure I get the connection between these phenomenon, but what the charities are doing does make sense in terms of evening put cash flow. As for cloud storage, I'm inherently distrusting the ... second they want to start slapping a charge on it, I'll have no problem kissing it goodbye.

Have you (or do you know) a woman who has gone through the process of egg donation? What do you know about it?

Description : Have you (or do you know) a woman who has gone through the process of egg donation? What do you know about it?

Last Answer : I don’t know a huge amount about it, but I do know that in the UK that the compensation payment has just tripled to £750 per cycle.

Do you think it's possible the American Cancer Society would turn down a $250,000 donation because it's from a non-theist organization?

Description : Do you think it's possible the American Cancer Society would turn down a $250,000 donation because it's from a non-theist organization?

Last Answer : No. I think they would take money from the devil himself.

Don't charities and political parties etc, have to know that the source of the donation is not crime?

Description : Don't charities and political parties etc, have to know that the source of the donation is not crime?

Last Answer : answer:Political parties have to disclose the names of their donors. However thanks to an overly conservative supreme court breaking hundreds of years of precedent a few months back, charities that fall under a ... t mean to paint the south as a bunch of racists. But his point is incredibly good.

What are your feelings on organ donation?

Description : What are your feelings on organ donation?

Last Answer : What could possibly be “wrong” about donating your organs? You don’t need them once you’re dead. If they can save another life, what possible reason would there be for not donating?

Is there a standard revenue that can be expected when making a donation for martketing and partnership building purposes?

Description : Is there a standard revenue that can be expected when making a donation for martketing and partnership building purposes?

Last Answer : Did you mean 36k in new sales, or just $36?

When it comes to donating money to charity, is there any way to find out exactly how much of your donation is going directly to where it is needed most or if your donation is being used for administrative costs for the charity itself or for other expenses?

Description : When it comes to donating money to charity, is there any way to find out exactly how much of your donation is going directly to where it is needed most or if your donation is being used for administrative costs for the charity itself or for other expenses?

Last Answer : http://www.charitynavigator.org/?gclid=CJT7kJHeuZcCFRZjnAoddG40SA http://www.samaritanguide.com/?gclid=CLDYmqHeuZcCFRpknAodPRVOTQ http://www.charitablechoices.org/checkout.asp

How do I ask a rich colleague for a charitable donation?

Description : How do I ask a rich colleague for a charitable donation?

Last Answer : Send him an e-mail describing your passion with this group, and that you know you share this passion. Tell him that you would like to talk with him about it in person. People like to be ... , and would like you to consider sponsoring me. Please take a moment to check out the organization at____

How do you feel when you see a donation link or "how you can help" page on the website of an individual artist, writer, etc.?

Description : How do you feel when you see a donation link or "how you can help" page on the website of an individual artist, writer, etc.?

Last Answer : Please clarify. Is the “donation” to help an outside cause or to support the artist/writer etc? Is the artist/writer a non-profit? Where does the money go? A link would be handy.