Tax Deductions

If you don't want to deal with the hassle of selling your car, and you want to help out a good cause you can donate your car to the American Lung Association. The American Lung Association will...

A great way to lower your tax bill while making a difference to people in need is to donate your used car to a nonprofit organization. These organizations will sell your car and use the proceeds...

Kids love their toy cars when they are little tots, but they quickly grow out of them. At that point it would be nice to find a new home for them. You of course could give them to someone else...

The Internal Revenue Service Publication 526 states, "If you contribute property to a qualified organization, the amount of your charitable contribution is generally the fair market value of the...

The most effective strategy to minimize income taxes each April is to think about it all year long. Donating your time and belongings to charitable organizations offers potential tax deductions...

Many charities accept cars as donations so they can resell them and raise money for the sale. Your car donation counts as part of your charitable donations, which cannot exceed 50 percent of your...

If you have ever replaced your cell phone with a newer model, chances are that you have a collection of old cell phones in your home. Even if you are preparing to upgrade your cell phone for the...

The IRS allows individuals to deduct donations to charity organizations from their taxes if they itemize their deductions rather than taking the standard deduction. Charity organizations include...

The Internal Revenue Service allows taxpayers to reduce their adjusted gross incomes on their taxes by deducting gifts to charitable organizations. The amount you can deduct is equal to the value...

Deductions can ease a person's U.S. tax bill. Donations to a charity can be deductible and they also can provide help to a good cause. However, there are rules, restrictions, and forms to be...

Used car donation is one of the best way to get rid of your old vehicle that is a hassle to sell. These old vehicles not only help the non-profit charities financially, it also benefits you in...

Giving a pickup truck to a charity is an acceptable way to make a donation and to earn a tax deduction. Generally, the IRS will allow a charitable deduction only if the organization is a 501(c)(3)...

Donation of a car to a charity is one way for you to benefit from the value of a vehicle that is no longer being used without having to trade it in or sell it. When you donate a car to a charity...

Donating a car, truck, RV or other vehicle to charity is a good deal for everybody concerned. The proceeds from the sale of that old vehicle go to fund worthwhile causes, you avoid the work and...

Making a charitable clothing donation can be a mutually beneficial act for you and the organization that receives your clothes. The IRS allows you to deduct a fair market value for your used...

Receipts are generally acceptable proof for tax purposes when it comes to filing taxes and claiming deductions. The IRS does not usually require you to include receipts with your tax return, but...

It's easy to donate a boat and get IRS tax savings. The IRS states that after January 2005, a person can deduct the full price a charity receives for a boat donation. Many companies will fix up a...

If you are considering donating to a charity from your Individual Retirement Account or IRA, keep in mind that the Internal Revenue Service has a number of rules for taxpayers wanting to make...

Until December 31, 2004, people were allowed to make a car donation and estimate the fair market value of their car and claim that as a donation. People would typically use a used car estimation...

Have you got a clunker of a car that is probably going to cost you more to repair than it is worth? Have you thought of every way possible that you could get a few bucks for it? If you aren’t an...

Did you drop off a bag of unwanted clothes and boxes of unwanted stuff at a thrift store this year? Learn how to turn this act of charity into a charity deduction and pay less taxes.

It's tax season! This is a quick reference list for you to find out if any donations you made this year are eligible for a tax-deduction.

Donating a car to charity is a simple task provided you have a vehicle you are willing to part with. However, after you donate the vehicle you must calculate the deduction on your taxes. There are...

When they buy a new automobile, most people will reduce their cost by trading in their old one. However, there are two reasons some people will donate their old cars to charity instead. First,...

Not looking forward to selling your used car? Don't! Forget the ads, visitors, haggling over fair price. Instead, donate your car to charity and save big on your taxes.

Whether you'd like to donate to a charitable organization out of the goodness of your heart or because you need an income tax deduction (or a little bit of both), you want to make sure you choose...

Being able to itemize your deductions always feels good on a tax return. Here's how to make the most of this opportunity.

If you are passionate about a cause and believe you can make a difference look into community projects that have been set up as non-profit corporations. Donations to these types of organizations...

One of the biggest issues when making a charitable donation is assessing your income-tax benefit. The non-profit organization that takes your donation may provide a receipt that has a vague...

The method of reporting charitable donations varies by the amount and item being claimed. A person who chooses to claim a charitable donation of stock will find himself in a position to claim the...

For many students attending colleges and universities, an athletic scholarship is a valuable asset to offsetting expensive tuition and fees. In addition to aiding the student, the individual who...