Donating Your Car And The Benefits
When my again Honda Accord started needing several hundred dollars worth of repairs every couple of months, I started to consider donating my good old reliable car to charity. I started to look into the process I had only really heard about it from word of mouth. The thought of not having of selling it sounded very appealing too. No fixing up would be required or anything like that just plain and simple.
I must admit thought the biggest pull for me was the car donation tax deduction. At the time I they were offering “fair market value” of the donated car from their taxes. So donating my Honda, whose market value was around $2,400, meant $792 off my taxes. Did you know that every year over a million Americans donated their cars just like this?