The IRS Deductions Blog

Question: What the average Tax Deduction from a Car Donated to Charity?

average Tax Deduction from a Car Donated to Charity

Answer: I don’t know that there are any records around to quote. I do know that legally, the value for tax deduction cannot be more than the blue book value. I also know that many people donate used vehicles with too many problems to fix themselves. However, on the other end of the spectrum there is Jay Leno donating a top of the line motorcycle for charity — he is not the only one, just the only one that came to mind.

Items on Amazon Right Now for Tax Deduction New Car Tax:

2009 Year End Tax Tips; 2009 Year End Tax Deductions

Believe it or not, tax time will soon be here. 2009 is drawing to a close and 2-On-Your-Side’s Financial Expert Joe Curatolo has some easy “Ways 2 Save” year-end tax tips of things you can do now that will help when you pay your taxes in 2010.

New Car Tax Credit Video – NewCars.com Quick-Tips

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