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car donations

How Much Of A Tax Write Off Is Donating A Car?

January 24, 2024 by Ahmed Ali

How Much Of A Tax Write Off Is Donating A Car? If the charity sells your car sells for $500 or less, you can deduct $500 or your car’s fair market value, whichever is less. For example, if your car is valued at $650 but sells for $350, you can deduct $500. Most charities will

Categories Finance and Business Tags car donation, car donations, donating, donation, gift tax

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