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 as many records as you can to support your tax deductible vehicle donation. Once you have determined the vehicle's fair market value, make sure you can back it up. Take a photo of your car so you can show the IRS its condition at the time of donation. To be thorough, include exterior shots, interior shots, and a photograph of the odometer reading. For even more validation of the donation, use your camera's time and date stamp feature.
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Lynda Moultry |