Tax Information Updates

IRS Tax Tips

June 4, 2008

For those who’ve made a charitable car donation in the year 2008 and wish to deduct it for their taxes, take note! You must avail yourself of the IRS rules & regulations that apply to your car donation.

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Car Donation Tax Deductions

May 17, 2008

More often than not people or families wind up having an extra car. Sometimes it’s used as a backup vehicle, for trips, or even storage. But many times it winds up just sitting there; and sitting vehicles cost more than you’d think. You must pay for insurance and keep the car registered. This easily adds up over the time and becomes a money pit.

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Car Donation - More Bang for your Buck

March 10, 2008

If you’ve got a vehicle and you’re trying to determine how you should go about disposing of it, you’ve probably looked at various options: whether trading it in, selling it yourself, giving it to a friend or relative or just giving up and junking it.

However, there is one method that is often overlooked – donating the car (or any kind of vehicle for that matter) to a charity/charitable organization for a tax benefit.

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