The IRS Deductions Blog

Posts Tagged ‘car donation tax deduction rules’

Items on Amazon Right Now for Car Donation Tax Deduction Rules:

Tax Tip: Deduct Your Car Donation

NEW YORK (MainStreet) — If you donate a used car to charity, the rules for claiming a deduction are different from the normal rules for donating property. What you can deduct depends on what the charity does with the car. If the charity sells the car at auction, your tax deduction is the price the car sold for at the auction. If you donate a used car to charity, what you can deduct depends on …

Kidney car donation-Scams to look out for

Question: Is there specific rules for collecting donations (cash & misc Items) for abused wom. & teens?

I have been collecting donations to help not just abused women but women who are just having a hard time starting over and if they have teen age children. I have gotten large amounts of cash plus many stores have donated new clothing, school supplies, furniture, and a lot of stuff people use daily. I am just not sure if I have a legal responsibility for $ amount of donations, or do I just take these things into different shelters and let them handle any filings for these companies to rec a tax deduction. Can someone help me find out? Maybe I should get a office bldg. to store all the things I have and maybe make it so that the receipient has to be reffered to be and picks up what they want by appointment only.
I am running out of space in my own home. Thank You.

Answer: Most states have a regulatory agency for a situation such as this. Persons donating items are allowed to use the donation as a tax deduction therefore they must receive a receipt. Your state regulatory agencies can give you the information to register as a non-profit entity.

Items on Amazon Right Now for Donation Tax Deduction Rules:

Demolish or deconstruct?

Taking apart a house piece by piece can keep junk out of the landfill by Kate Daly

Tax deduction donation-how do I know I will get my tax refu