I was just reading this article…
http://www.ehow.co.uk/info_8006982_car-made-indianapolis-tax-deductible.html
And this is part of the article that really jumped out to me.
“To qualify for a tax deduction, you must donate your car to an eligible nonprofit organization such as a religious organization or a 501(c)3 charity. Make sure to check the status of the organization you are considering to ensure it meets the federal government’s guidelines for a tax-exempt organization.”
Although this is true there is more to the process than choosing the right charity. The way you file your taxes is also a critical part of this as well. Be sure to talk to a tax professional to see whether your are going to be able to claim and Car Donation on your taxes.
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