If you're someone who itemizes deductions on your tax return, donating a car to charity could boost your tax savings. Many charities sell donated vehicles for cash to support their cause.

We recommend that you refer to IRS Publication 4303 “A Donor’s Guide to Vehicle Donations” or contact your tax advisor to determine the amount of your tax deduction. The amount will vary ...

In 2024, the standard deduction is $14,600 for single tax filers, $29,200 for joint filers, and $21,900 for people filing as ...

Here's how to use your donations to save on taxes ... and the deduction amount is limited to an item’s fair market value at the time of contribution. Special rules apply to vehicle donations.

It's simple, fun and free. We convert the car into cash, which becomes a welcome donation to WBUR, and you may be entitled to a tax deduction. We accept all types of vehicles nationwide.

How much money from the sale of my donation ... please consult with your tax advisor on the best way to claim your car donation tax deduction. Will I get a tax receipt for my donation?

How much of a donation is tax deductible? The limit on the deductibility of cash charitable contributions to an eligible 501(c)(3) organization as an itemized deduction on your 2018 tax return is 60% ...

Updated, Aug. 14, 2024: This post has been adjusted to correct the new 2024 IRS cap on annual donations via a QCD. The tax deductions for contributing to a retirement account can be beneficial ...