Donating a Car Archives - SafeLink

How Do Tax Deductions Work When Donating a Car?

How Do Tax Deductions Work

Donating your car to charity can result in significant tax savings if you include it in your charitable contribution deduction. The Internal Revenue Service (IRS) requires you to calculate your tax deduction in one of two ways, depending on how the charity uses your donation. However, doing a little planning will ensure that you maximize … Read more