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

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

1 Answer

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.
by

Related questions

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.

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

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 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____

Is NASA a non-profit and can you make a charitable donation to them?

Description : Is NASA a non-profit and can you make a charitable donation to them?

Last Answer : I do not believe so. They are a federally funded US Gov. entity. You could find out for sure about donations by going to www.nasa.gov

Is there such thing as an inappropriate charitable donation?

Description : Is there such thing as an inappropriate charitable donation?

Last Answer : So… not the donation itself, but how the recipient spends it? Yes, there certainly is inappropriate spending.

How to Make a Charitable Donation?

Description : How to Make a Charitable Donation?

Last Answer : Individuals should consider making charitable donations toorganizations because the expenses are tax deductible. Making adonation not only helps a group of individuals in need, but it willalso lower your taxable ... of the year, the charitabledonation may give the tax filer some relief from the ex

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

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.

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.

Are you still giving as much to your charitable organization of choice as you can?

Description : Are you still giving as much to your charitable organization of choice as you can?

Last Answer : No. And I should be. Thanks for reminding me that I have a check or two to write. The organizations I support need the money desperately, and they can do more good with it than I can.

Which statements are characteristic of virtue ethics? A. Our character traits are easily modified, almost on a day-to-day basis if we so choose. B. Like Kantian ethical theory, virtue ethics requires that we disregard personal emotions and feelings. C. Virtue ethics is about describing people as good or bad. D. Even if a person is caring, empathetic, charitable and sympathetic, the challenge of egoism is still a factor in his or her decision-making. E. All of the above. F. None of the above.

Description : Which statements are characteristic of virtue ethics? A. Our character traits are easily modified, almost on a day-to-day basis if we so choose. B. Like Kantian ethical theory, virtue ethics requires that we disregard ... in his or her decision-making. E. All of the above. F. None of the above.

Last Answer : F. None of the above.

What are the tax benefits of charitable car donations?

Description : What are the tax benefits of charitable car donations?

Last Answer : You can write off the full value of the car that you donate to charity. You should receive a sort of tax receipt from the organization you donate to, and this can be sent to the IRS with your taxes as a write-off.

Can I claim a tax deduction by donating a used car to charity?

Description : Can I claim a tax deduction by donating a used car to charity?

Last Answer : You can claim the estimated value of the car if you have donated it to charity.

How much of a tax deduction to car donations to charity receive?

Description : How much of a tax deduction to car donations to charity receive?

Last Answer : By law, you can only deduct the amount of money the charity eventually sells the car for.

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.

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

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

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

Last 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.

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

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.

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.

Do you honor birthdays with charitable giving requests?

Description : Do you honor birthdays with charitable giving requests?

Last Answer : Yeah no.

Do you notice people including yourself are becoming more or less charitable these days?

Description : Do you notice people including yourself are becoming more or less charitable these days?

Last Answer : I've noticed nothing of the sort! What I have noticed is the increasing urgency as well as frequency of those who either volunteer or feel themselves forced to the begging profession. As ... from experience that those so inclined to charitable endeavors do so a quietly and anonymously as possible.

Ever felt charitable but had no opportunity?

Description : Ever felt charitable but had no opportunity?

Last Answer : answer:For awhile, we had a local web-based network where members could post that they either needed or had available certain items or services. So if you need, say, an extension ladder for a one-time ... but turned out to be too much work for the kind souls that administered it, so it's gone.

What charitable causes are close to your heart?

Description : What charitable causes are close to your heart?

Last Answer : answer:National Center for Science Education James Randi Educational Foundation International Dark Sky Association Contra Costa Food Bank Doctors Without Borders There are others, but those are off the top of my head.

Why is it that the holidays suddenly put people in a charitable mood?

Description : Why is it that the holidays suddenly put people in a charitable mood?

Last Answer : The holidays are generally seen as the time of giving.

Do you feel that someone that heads a charitable organization should not make a huge salary?

Description : Do you feel that someone that heads a charitable organization should not make a huge salary?

Last Answer : answer:Well, I think of it like this: $500,000 is enough money to solve every single problem I currently have. All of them. And I'd still have enough money left over to buy a ton of shit I don't ... very simple: if you don't agree with their practices - stop giving them money. Then they'll go away.

Is it true that if you can't itemize on your taxes you can't write off charitable contributions?

Description : Is it true that if you can't itemize on your taxes you can't write off charitable contributions?

Last Answer : Yes, this is true.

Self-employed and charitable project. !!

Description : Anyone please experience? How to make the project so-called legal? What needs to be ensured?

Last Answer : Try to write something more about it ... What does the self-employed have with the project? - initiator, guarantor, operation, damaged ... What project is it - why self-employed?

Why does crow suddenly decide that he is a charitable man in the westing game?

Description : Why does crow suddenly decide that he is a charitable man in the westing game?

Last Answer : Need answer

What is it called when you give money away to charitable orgainzations or people?

Description : What is it called when you give money away to charitable orgainzations or people?

Last Answer : It is to make a donation.

Charitable Trust?

Description : Charitable Trust?

Last Answer : Charitable Trust(Download)The purpose for creating this trust is to promote ________________________________I, ___________, trustor, create a trust fund of the property listed in Schedule A attached and incorporated by ... to the terms of this agreement, to hold in trust for the uses and pu

Maximize Charitable Giving?

Description : Maximize Charitable Giving?

Last Answer : Giving money to charities and nonprofit organizations is a rewarding way to support causes you believe in. But with so many groups in need of donations the cost of charitable giving can ... supports civic groups and gives you something of tangible value in return. Exercise caution with unfamiliar,

How to Start a Formal Charitable Nonprofit Organization?

Description : How to Start a Formal Charitable Nonprofit Organization?

Last Answer : Any group that is organized with a common purpose of serving thecommunity in some capacity can be an informal nonprofit (NPO).However, in order to maintain the integrity and professionalpresence of ... open abank account and continue when the founder is no longer involvedfor whatever reason.The se

How To Write Off Charitable Donations?

Description : How To Write Off Charitable Donations?

Last Answer : It is very important to know how to write off donations. Donations can be good for society and good for the donor, as he can write off the donation when tax time rolls around. If the ... out whether an organization has been approved, please visit the IRS website and search for charities.2. Kee

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,

With his wife Melinda, Bill Gates chairs the ___________, the world's largest private charitable foundation. A. Gates & Melinda Gates Foundation B. Microsoft Foundation C. Bill & Melinda Gates Foundation D. None of Above

Description : With his wife Melinda, Bill Gates chairs the ___________, the world's largest private charitable foundation. A. Gates & Melinda Gates Foundation B. Microsoft Foundation C. Bill & Melinda Gates Foundation D. None of Above

Last Answer : ANSWER: C

With his wife Melinda, Bill Gates chairs the ___________, the world's largest private charitable foundation. A. Gates & Melinda Gates Foundation B. Microsoft Foundation C. Bill & Melinda Gates Foundation D. None of Above

Description : With his wife Melinda, Bill Gates chairs the ___________, the world's largest private charitable foundation. A. Gates & Melinda Gates Foundation B. Microsoft Foundation C. Bill & Melinda Gates Foundation D. None of Above

Last Answer : ANSWER: C

With his wife Melinda, Bill Gates chairs the ___________, the world's largest private charitable foundation. A. Gates & Melinda Gates Foundation B. Microsoft Foundation C. Bill & Melinda Gates Foundation D. None of Above

Description : With his wife Melinda, Bill Gates chairs the ___________, the world's largest private charitable foundation. A. Gates & Melinda Gates Foundation B. Microsoft Foundation C. Bill & Melinda Gates Foundation D. None of Above

Last Answer : ANSWER: C

Which one of the following statements is correct ? (A) Audit of an educational institution is compulsory if it is run by a charitable trust (B) A club is treated as a commercial establishment (C) The accounts of a charitable trust can be audited by any person who belongs to accountancy profession (D) Audit of a charitable trust is not compulsory under law

Description : Which one of the following statements is correct ? (A) Audit of an educational institution is compulsory if it is run by a charitable trust (B) A club is treated as a commercial establishment ( ... who belongs to accountancy profession (D) Audit of a charitable trust is not compulsory under law

Last Answer : Answer: Audit of an educational institution is compulsory if it is run by a charitable trust Free

The Constitution of India guarantees the Fundamental Right to Freedom of Religion to all its citizens. Which among the following is not true for this Rights? (1) It gives freedom of conscience and freedom to profess, practice and propagate any religion (2) It gives freedom to establish and maintain institution for religious and charitable purposes (3) The Right is subject to public order, morality and health (4) The State cannot make any law which abrogates this Right for citizens

Description : The Constitution of India guarantees the Fundamental Right to Freedom of Religion to all its citizens. Which among the following is not true for this Rights? (1) It gives freedom of conscience and ... , morality and health (4) The State cannot make any law which abrogates this Right for citizens

Last Answer : (4) The State cannot make any law which abrogates this Right for citizens Explanation: The state can make laws which abrogate the right in case there is a threat to public order, morality and health.

Which of the following acts of the CPA would be most likely a violation of the Code of Ethics? a. Assisting a client in preparing a financial forecast. b. Acting as auditor of a non-charitable organization with audit client serving as president. c. Accepting a fee in a tax matter that is contingent upon the result of an administrative proceeding. d. Having an immaterial loan to the president of an audit

Description : Which of the following acts of the CPA would be most likely a violation of the Code of Ethics? a. Assisting a client in preparing a financial forecast. b. Acting as auditor of a non- ... upon the result of an administrative proceeding. d. Having an immaterial loan to the president of an audit

Last Answer : Having an immaterial loan to the president of an audit

Children with muscular dystrophy who receive treatments developed through research programs funded by MDA would represent __________ for this charitable organisation. A)target publics B)target population C)general publics D)focus groups E)client publics

Description : Children with muscular dystrophy who receive treatments developed through research programs funded by MDA would represent __________ for this charitable organisation. A)target publics B)target population C)general publics D)focus groups E)client publics

Last Answer : E)client publics

Bailment is a special kind of contract that is widely used in business and in: a) Personal affairs b) Cultural activities c) Academic research d) Charitable institution

Description : Bailment is a special kind of contract that is widely used in business and in: a) Personal affairs b) Cultural activities c) Academic research d) Charitable institution

Last Answer : a) Personal affairs

Provisions for the special education of retarded and handicapped children is usually financed by Options: A) Local funds with the usual state aid B) Special state fund C) Local funds with special state aid D) Local and state funds with special assessment to be paid by parent or charitable organizations

Description : Provisions for the special education of retarded and handicapped children is usually financed by Options: A) Local funds with the usual state aid B) Special state fund C) Local funds with special ... D) Local and state funds with special assessment to be paid by parent or charitable organizations

Last Answer : C) Local funds with special state aid 

How can I get the most out of my piece of junk car?

Description : How can I get the most out of my piece of junk car?

Last Answer : answer:I get most of my cars from people like you. Trade-in is a viable option too; they can fix it for less than they’d charge you. Regardless, you won’t get much.

What parts are important to sell from my junk car?

Description : What parts are important to sell from my junk car?

Last Answer : It all depends on your vehicle. my wife has a 1991 Honda Accord with 85,000 miles on it. we have no intention of selling or junking it, BUT, we have discovered that the fenders are worth a fortune ... a junk yard and ask your question or a worker at AutoZone. these guys have a world of knowledge.

How can I make all the junk calls stop?? (Several times a day, always about "my car warranty"... I have never owned a car.)

Description : How can I make all the junk calls stop?? (Several times a day, always about "my car warranty"... I have never owned a car.)

Last Answer : You want to speak to AT&T’s abuse department who will be able to track down the caller and file a complaint.