The article has been updated successfully.Do I get a tax deduction for my vehicle donation?
Donating tax deductible items to a non-profit charity or program such as the Purple Heart Cars program is beneficial in a variety of ways. Donors get to help veterans and their families, while saving money in taxes.
How much can you deduct from your taxes? Although the general rule is the fair market value of your vehicle up to $500 or whatever we sell it for (whichever is greater), we advise all to check with their tax professional when filing their taxes as laws are constantly modified from tax year to tax year.
Contact Information
On the web: www.PHCars.org
By telephone: (800) 293-1343
By e-mail: info@purpleheartcars.org
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Last Updated
27th of May, 2009
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