Learn tax deductions and why donating a car can be deducted from your taxes.

1. Car Donation Tax
Deduction
Learn tax deductions and why
donating a car can be deducted
from your taxes.
Donate Car Today!
877-360-3767
http://www.carsgofar.org

2. Car Donation Tax Deduction
How Car Donation Can Be Deducted
Tax deduction is a reduction of income that is able to be
taxed, and is a result of expenses, especially ones
incurred to make additional income. The difference
between deductions, exemptions and credit is that
deductions and exemptions both reduce taxable
income, while credits reduce tax".
9 important things that can be tax deductible, ones you
may not know about: sales tax, health and insurance
premium, tax savings for teacher, charitable gifts, paying
the babysitter, lifetime learning (usually geared toward
college students), unusual business expenses, looking
for work and self-employed Social Security
http://www.carsgofar.org

3. Car Donation Tax Deduction
Auto gift is the act of giving no-more needed autos, trucks, water crafts, cruisers and other
different vehicles to philanthropy associations and other non profit organization. Find out about
what is a deduction status and how giving an auto to a philanthropy can be deducted
underneath.
Call: 877-360-3767 http://www.carsgofar.org
Car Donation Tax Deduction
Non profits in US more and more rely on the revenue from car donations. But you can benefit
from this donation as well, not just charities. Charitable donations provide a tax benefit; as such,
car donations are becoming increasingly more popular. For example in the US in 2000 over 700,00
taxpayers reduced their total taxes by over $650 million.
The minimum deduction that you can claim on your motorcycle, boat, truck. car or any other
vehicle is $500. This is claimed on an itemized federal tax return.
When your car is sold for over $500, whatever it sells for will be the amount you can claim as a
tax deduction.

4. Tax Brackets
Seven Tax Brackets are the following:
10%, 15%, 25%, 28%, 33%, 35%, 39.6%.
Call: 877-360-3767 http://www.carsgofar.org
Car Donation Tax Deduction
What if my car is valued less than $500, the tax
deduction comes from a donor's estimate of the
vehicles value. This is the case no matter the amount
of money the charity receives even it is less.

5. Contact Us Today
Call: 877-360-3767 http://www.carsgofar.org
Car Donation Tax Deduction
For cars valued over $500 the amount of donation
will be determined at the auction
Don't worry if your car is not running. In the US
most cars or vehicles are accepted for
donation. Contact Carsgofar today to arrange a
pickup!