Who you, a Guru? After you read these 260 Car Donation tips, you'll be one. But we're looking to recruit a Guru to blog, write a 101 tip Car Donation book, and become a leader of this community.
Hot topics for both consumers and webmarketers on WebmasterRadio.FM
Every Wednesday, 4PM Eastern.
September 18, 2009, Newsletter Issue #167: Know the Tax Rules for Car Donations
1
Tip of the Week
Car donation programs are popular vehicles for charities to raise funds. Car donations appeal to taxpayers who want to get rid of used vehicles and take the tax deductions. IRS rules give specific guidelines for taxpayers seeking a car donation tax deduction.
There are several steps to take to meet car donation tax law.
* First, verify that the recipient organization is tax-exempt.
* If the vehicle is worth $500 or less, you can deduct its fair market value at tax time.
* If the vehicle is worth more than $500, your deduction is the amount the charity gets reselling the car. There are special exceptions to this rule.
* Finally, research and know state laws regarding title transfers for car donations.
2
About LifeTips
Now one of the top on-line publishers in the world, LifeTips offers
tips to millions of monthly visitors. Our mission mission is to make
your life smarter, better, faster and wiser. Expert writers earn dough
for what they know. And exclusive sponsors in each niche topic help us
make-it-all happen.
Founded in 2000, LifeTips offers fresh tips and advice to millions of readers. Become a Guru on a topic you're an expert in. Become a Sponsor and keep the tips flowing and traffic going to your website!
