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Tuesday, March 6, 2012

Turn your car into a tax deduction

Tax benefits of donating a vehicle View:  Mobile  |  Web
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Tax benefits of donating a vehicle

You've seen the ads: "Donate your car and get a tax break." Technically, that's true.

But some people who give away an old auto might find their tax break smaller than they expected. And a few donors, thanks to the intricacies of vehicle gift guidelines, might be able to boost their deduction amounts.



Bankrate's 2012 Tax Guide
Latest tax news, basics and calculators.


2011 tax bracket rates
For the 2011 tax year, tax returns will be due April 17, 2012.


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