|
Cars4charities Now Accepting Most Older Vehicles in Many Areas
Donating a car is a good tax deduction
(PRWEB) July 17, 2005 -- cars4charities can now accept the donation of most older vehicles in many areas of the United States.
Donated vehicles are sold, with the proceeds going to the charity selected by the donor from cars4charities list of National and local charities. The donor is eligible for a tax deduction.
The law allows those people who donate older, less valuable cars to deduct up to $500 on their itemized federal tax return", says Karen Campese, CEO of cars4charities. For those people who donate more valuable cars, the amount the car is sold for becomes the amount the donor can deduct. In these cases, cars4charities sets a minimum selling price thereby guaranteeing the donor the best tax deduction possible."
For more information on car donation, call cars4charities at 1-866-448-3487 or log onto their website www.cars4charities.org.
###
|