Ever donate a car?

[stickyfingers]

<p>I have a car that I am thinking about donating.&nbsp; I don't know if there is any difference in the companies and if so, what?&nbsp; I hear that there are tax breaks involved....If you know anything about this can you tell me what you know.&nbsp; </p><p>I need to get rid of the car badly and I don't really think its sellable since it won't consistently start.&nbsp; Sometimes, yes.....Sometimes, no.</p>

<img src=http://img18.photobucket.com/albums/v53/monster6sixty6/guests/sf2_sig.jpg>

[PapaBear]

You used to get a tax break for the fair market value of the car. Uncle Sam took that away, though. Now, you can only get a tax break on the amount that the car eventually sells for. In other words, if you donate your car, and the organization that you gave it to, only gets 50 bucks for the car, you can only claim a tax break on that 50 bucks.

<center><img src="http://scripts.cgispy.com/image.cgi?u=PapaBear"></center><center>Citizens for Cigar Sid & Bitz... 2006!!!</center>

[Greggie44]

They fix em up a little bit and&nbsp;some end up in the southwest. They are used to run drugs and peeps across the border.

I'm not a bad person, I just do bad things.

[spoon]

<p>Is that true PB?&nbsp; I never knew of that rule change.&nbsp; I guess they find a way to fuck all people from the working poor up to the middle-class.&nbsp; Yet that's where it stops.</p>

<img src="http://members.aol.com/dxixrxt/spoon2.jpg">


It's like a koala bear crapped a rainbow in my brain!

[PapaBear]

<p>From the IRS...</p><p></p><h3>Charitable Contributions of Vehicles, Boats, and Aircraft</h3><p>If you donate a&nbsp;vehicle (including a&nbsp;boat or aircraft)&nbsp;to a qualified organization after December 31, 2004, your deduction is limited to the gross proceeds from its sale by the organization. This rule applies if the claimed value of the donated vehicle is more than $500. However, you generally can deduct its fair market value if the organization:</p><ul><li><div>Makes significant intervening use of the vehicle,</div></li><li><div>Materially improves the vehicle, or</div></li><li><div>Transfers the vehicle to a needy individual in direct furtherance of the donee's charitable purpose of relieving the poor and distressed or underprivileged who are in need of a means of transportation</div></li></ul>

<center><img src="http://scripts.cgispy.com/image.cgi?u=PapaBear"></center><center>Citizens for Cigar Sid & Bitz... 2006!!!</center>

[HBox]

No, but seriously, EVERYBODY got a tax cut.<br />

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