Before donating a vehicle, find out the charity’s intent
$225.00
Description
Abstract: Cash is the easiest way to give to a charity, but sometimes it’s more advantageous to donate other assets — and sometimes it’s not. For example, the value of one’s deduction for a donated vehicle can vary greatly depending on what the charity does with it. As this brief article explains, the deduction might be lessened if the charity sells the vehicle.
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