This one great article from Suite101.com is very helpful. What might interests you is the money you saved by getting a tax cut from donating your car (or other items) to a charity might be much more from the money you get by selling it in a garage sale. ;-)
What you need to do to enjoy your tax deduction:
- All of your donations must be itemized
- Check out the rules to claim tax cut from your donated vehicle
- Count your fair market value of your item
- Refer the value online or use tax software if you don't know how to count it
- Keep your donation receipt organized
Links:
- Suite101.com : Charitable Donation Tax Deduction May Yield More Than Moving Sale
DonateaCar: "Save more by giving more~~" :-)
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