Important Tax Benefits From Donating Your Car

When it comes to donating cars, one of the biggest benefits is the positive impact it will have on your annual taxes. Whether you’re aware of this or not, donating a car to a non-profit can actually help you when you’re filing your taxes. Donating a car to a charitable organization can be written off as a deduction on your 1040. In addition to receiving the tax benefits of donating your car to a charity, such as Volunteers of America, you can also put yourself in a position to help someone In need of a low-priced daily driver. In essence, this can certainly be a win-win situation for all parties involved.

Leave a Reply

Your email address will not be published. Required fields are marked *