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Keep a record of your car 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. Keep a record of your car donation.You will need to obtain and keep evidence of your car donation and be able to substantiate the fair market value of the car. If you are claiming a deduction of $250 or more for the car donation, you will also need a written acknowledgement from the charity that includes a description of the car and a statement of whether the charity provided any goods or services in return for the car. If so, you will also need a description and estimate of the fair market value of those goods or services. |
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and solutions. Passionate, self-published authors keep the tips, advice and books
flowing to LifeTips readers and fans. Publish Your Book Now!
