Read this Before donating a car to charity
My friend was going to donate a car to charity and aske me to do some research on the best charity to donate it to. I learned some suprising things:
A California study says that most charities (80 percent) received less than 60 cents for every dollar value of vehicle (fundraisers get the rest)
The IRS advises that you make sure that the charitable organization is qualified, that you speak directly to the charity, and that you examine state filings for more information before making a car donation,.
Your tax deduction for the donation is only good if you itemize your deductions on your tax returns.
In most cases, you would be better off selling the car at a discount and giving the money directly to the charity than giving the car if your main goal is to help the charity.
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