July 9, 2010, Newsletter Issue #201: Car donation offers both practical and philosophical benefits for the donor and the end-recipients.

Tip of the Week

The appeal of a car donation is easy to understand. If you dispose of an old car, you can both help a worthy cause AND take advantage of tax rules designed to reward the generosity of Americans. IRS-approved car donation charities make a great way to give AND receive in return. Taxpayers who itemize deductions on their tax return can deduct, within limits, the fair market value of their contributions to qualified charities.

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