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May 11, 2007, Newsletter Issue #56: Be sure you give to a qualified charity if you want to deduct your contribution.
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Tip of the Week
Donate Car For Charity Tip: Before telling yourself, "It's time to donate my car", make sure that the car donation program to which you wish to give is a qualified, eligible car donation charity. If it is not a qualified organization, donating cars to them may not be tax deductible. Donors can use the IRS web site to check whether an organization is qualified: search Publication 78, an annual list of most organizations that are qualified to receive deductible charitable contributions. You can also find Publication 78 in many public libraries. Or, if you prefer, you can call IRS Tax Exempt/Government Entities Customer Service at 1-877-829-5500 and ask if the charity is qualified. Be sure to have the organization's correct name and its headquarters location, if possible.
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