Maximizing Your Tax Deduction When Donating Your Vehicle To Charity

If you have an old vehicle languishing in your driveway and no plans to trade it in to purchase a new one, you can get rid of the eyesore and put some extra money in your pocket by donating it to charity. Doing so lets you take a one-time deduction off your taxes, which means you pay less when the IRS comes knocking. Maximize how much you receive for your donation requires a bit of strategizing based on the condition of the vehicle. Read More»