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Donate Car for Tax Credit Is The Best Way to DeductionTax
How much will I receive as a tax deduction?
IF YOUR CAR SELLS FOR MORE THAN $500
The IRS allows you to claim a tax deduction of the amount the car sold for. Your tax-deductible receipt will be for the car's full sale price.
IF YOUR CAR SELLS FOR LESS THAN $500:
You can claim the fair market value of the car, up to $500. According to the IRS, it is up to you to determine the fair market value of your car.
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