Has Anybody Ever Donated Their Car to Charity FOr the Tax Write Off?

[chickhien]

as long as your itemized deductions exceed your standard deductions.
from the IRS for 2011:
"The new standard deduction is $11,600 for married couples filing a joint return, $5,800 for singles and married individuals filing separately, and $8,500 for heads of household"

 

[chickhien]

as long as your itemized deductions exceed your standard deductions.
from the IRS for 2011:
"The new standard deduction is $11,600 for married couples filing a joint return, $5,800 for singles and married individuals filing separately, and $8,500 for heads of household"

 

[qwerty330]

you can only take a deduction if you're itemizing on your tax return, which most of us aren't.  So unless you are itemizing, it is pretty much pointless donating your car.

 

[qwerty330]

you can only take a deduction if you're itemizing on your tax return, which most of us aren't.  So unless you are itemizing, it is pretty much pointless donating your car.