SearchCategory : Qualifying for a Tax DeductionIRS Cautions Car Donors10th March 2006 IRS Officials Urge Care for Those Making a Car Donation; New Law Changes Rules at End of the Year
WASHINGTON — The Internal Revenue Service issued a consumer alert today to help taxpayers avoid potential pitfalls when they donate their automobiles to… more » Tags: car donation
Car Donation Qualifying for a Tax Deduction20th January 2006 You can deduct contributions to charity only if you itemize deductions on your Schedule A of Form 1040. You must take into account certain limitations on chari-
table contribution deductions. For example, your deduction cannot exceed 50% of your adjusted… more » |
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