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CAR DONATION STILL A GOOD TAX DEDUCTION
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The change in the tax law for car donations which went into effect January 1st hasn't hurt one national car donation center. "Our car donations are up about 50% over the same period last year," says Karen Campese, CEO of cars4charities. "Even with the change in the tax law, our donors still say they are getting a valuable tax deduction." There are a couple of reasons for this," according to Campese. "The law allows those people who donate older, less valuable cars to deduct up to $500. For those people who donate valuable cars, cars4charities sets a minimum selling price, thereby guaranteeing the donor a minimum tax deduction."
For more information on car donation, call cars4charities at 1-866-448-3487 or log onto their website www.cars4charities.org
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