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Get your tax deduction for an auto donation.Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Car Donation Tax Deduction and other Car Donation topics. Get your tax deduction for an auto donation.You can deduct your contributions only in the year you actually make them in cash or in other property. Claim a deduction and file Form 8283 with your tax return for the year you contribute the property. For legal purposes, the date of donation is the date on which you endorse the donation paperwork, for example the date on which you sign over your title or odometer statement. Also remember that you must itemize the tax return in order to claim a tax deduction. |
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LifeTips is a service of ideaLaunch, a leading provider of content marketing services
and solutions. Passionate, published authors keep the tips, advice and books
flowing to LifeTips readers and fans of our weekly Radio Show.
and solutions. Passionate, published authors keep the tips, advice and books
flowing to LifeTips readers and fans of our weekly Radio Show.
