Quote:
Originally Posted by retiredguy123
The IRS no longer allows you to deduct the book value of a car, unless the charity uses the car for their business. If they sell the car, you can only deduct the amount that the charity actually sells it for. Personally, I wouldn't take a 30-year old car if you gave it to me.
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My mom donated my dads car after he passed, and the maximum allowable deduction was $500. a 30 year old car might fetch that, but nothing more than $1,000. And I did say, if all else fails. . . .
trust and tax guy