I believe the rules for how large a deduction you can take have changed... You used to be able to deduct the blue-book value of the donated vehicle, but now the charity has to give a receipt for WHAT THEY ACTUALLY SOLD YOUR CAR FOR, and you can deduct that amount. So your actual cash savings after tax would be roughly a third of that sale value.

Hence, it would be smarter to just sell your car, since even with a minimal amount of effort you should be able to get at least a third of what the charity would be able to get for it... Unless the car is completely unsalable, in which case you should look into scrapping it (free tow, and they'll usually give you $100 for the scrap-metal value).


And even if donating did make financial sense, I *hate* those cars-for-kids ads on the radio (annoying, and get stuck in your head). So boycott that one - there are plenty of other good charities.

lol yeah the joke about donatin a car to a fellow citizen is a good laugh i like this but at the same time i gotta be honest my 89 chevy cavileer is running out of steam i jacked up the rear suspension and tried to do a whitewal treatment to the tires but i only had a can of silver krylon so it looks kinda weird but it still works half the time lol i love the car we have a history i drove out from californai in this but i notice that somtimes people give me shit since im pretty bad at parelel parking whatever so i 'm in the yellow but you gotta remember the sayin back where i'm from if its yellow its mellow if its red your gonna be dead lol oh but seriously i need a car help me out this car is crap lol

You can donate it to me.

I can't however, provide any tax deductible anythings.

I know several people who have donated to Kars For Kids. They're legit and will provide the receipt.

i'm a little reluctant about the kars for kids one.

I heard the IRS was cracking down on this scam. Be careful before you take that big deduction for a junker!

1877-kars-4-kids

lol

no seriously... I hear it on 1010wins all the time

I donated my car to the humane society over in liberty state park. They had all the paperwork ready and were very helpful in providing me with all the info I needed to complete the transaction.

Does anybody know of any reputable charties?

I want that tax deduction!