Re: Any compared parting out a car vs donation?

- B
- BigJohnson
  
  Contact options for registered users
posted
20 years ago

Tue, Aug 5, 2003 5:53 PM

You only can take the value of the car as a charitable donation, IF you itemize and you only get a tax DEDUCTION not a tax CREDIT. I.E. The car has a $1,000 value, the tax saving of $150 if you are in the 15% bracket. You can get that for the tranny

mike hunt

JD wrote:

> I'm comparing donating my car that blew a head gasket to the Kidney > Foundation vs spending the time to sell the transmission, battery etc. > > Its not a great car by any means, a 92 Lumina with 206k! Anyone gone > through the donation process and gotten a decent tax break?

Loading thread data ...

- J
- Jeff Utz
  
  Contact options for registered users
Vote on answer
posted
20 years ago

Wed, Aug 6, 2003 1:11 PM

Some of the organizations that accept car donations give the cars to poor people who would not be able to afford a car otherwise. They require working cars, not cars like this one.

MotorsForum website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.