How can you find out what your deduction will be if you donate your car to charity?

It used to be a lot simpler to calculate your car donation tax deduction. In 2005 the IRS changed the rules and the tax laws are now a little bit more complex. Gone are the loopholes which enable you to always deduct the fair market value of your car. Most often you will only be able to deduct the gross proceeds from the charities sale of the car. The IRS has a guide online and cardonation-taxdeduction.com has an online questionnaire that can tell you what your deduction will be.

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