Tax Benefits – Autoversed

Tax Benefits

How Much Can You Get for a Car Donation?

When you are looking to get rid of your car, there are several options that you will have. While some will choose to sell their car to a private party or trade it in to a dealership, another great option would be to donate the car to charity. There are several reasons why you should consider donating your car.

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The Tax Benefits of a Car Donation

Donating your car can save you the hassle of trying to sell it yourself, and it is tax deductible. The tax deduction is a big reason why many car owners choose to donate, and if you’re thinking the same, it’s important to know that the process is simple, especially if your vehicle is worth $500 or less.

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