Tuesday, March 6, 2012

Turn your car into a tax deduction

Tax benefits of donating a vehicle View:  Mobile  |  Web
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Hello Talha,

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

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