Car Donations New Tax Rules

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Car Donations New Tax Rules

David

26th January 2006

New tax rules aim to put an end to the abuse of charity programs. Are these changes too much -- or still not enough to stop the problem ?

"Americans are generous and enjoy donating to charity. Unfortunately, a lack of clear guidance for taxpayers and poor oversight of car donations created a perfect storm for abuse," Sen. Charles E. Grassley (R-Iowa), author of the reforms, said in a statement. "Some taxpayers were taking inflated deductions they didn't deserve."

For the full story go the L.A Times