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IRS approves car-donation program.: An article from: The Tax Adviser by Thomas P. Ochsenschlager Our Price: $5.95 Used from: $5.95

Real clunker: how not to take car donations. (Taxing Issues).(Column): An article from: The Non-profit Times by Harvey Berger Our Price: $5.95 Used from: $5.95

Taxpayer Alert: Choosing A Paid Preparer And The Pitfalls Of Charitable Car Donation: Hearing Before The Committee On Finance, U.s. Senate Our Price: $25.00 Used from: $25.00

All-wheel drive: IRS approves car donations. (Taxing Issues).: An article from: The Non-profit Times by Harvey Berger Our Price: $5.95 Used from: $5.95

Car donations sputtering: tax code change, economy are wreckers.: An article from: The Non-profit Times by Tom Pope Mark Hrywna Our Price: $9.95 Used from: $9.95

Wheel charity: fair market value is out, while the actual sale price is in for setting car-donation write-offs.(Personal Finance): An article from: Entrepreneur by Scott Bernard Nelson Our Price: $5.95 Used from: $5.95

Car donation programs rev up, some are clunkers.(The Art of the United States ): An article from: The Non-profit Times by Tom Pope Our Price: $9.95 Used from: $9.95

 

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New IRS Rules for Vehicle Donation

from: karen campese

The new IRS rules for vehicle donation went into effect January 1, 2005. "The new rules have significantly changed the amount most donors can deduct for their car donation", according to Karen Campese, CEO of cars4charities, a national non-profit car donation center. "The old law allowed the donor to deduct the fair market value of their car as determined by a pricing guide such as the Kelley Blue Book", says Campese. "Now, people who donate older, less valuable cars can deduct up to $500. Those who donate more valuable cars can deduct the amount the charity sells the car for. In order to guarantee the donor the best tax deduction possible cars4charities now sets a minimum selling price on better vehicles."

For more information on car donation, call cars4charities at 1-866-448-3487 or log onto their website www.cars4charities.org .

About the Author

Karen Campese is the CEO of cars4charities, a national non-profit car donation center.

 

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