April 6, 2007, Newsletter Issue #51: Keep a record of your car donation.

Tip of the Week

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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