Re: Any compared parting out a car vs donation?

Aug 05, 2003 1 Replies

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?

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.

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