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TAX SAVINGS

What Are The Tax Breaks For Donating a Car to Charity?

By The BIDaWIZ Team on September 13th, 2012 at 5:30 pm

tax-deduction-for-donating-your-car
It used to be that you could just deduct your old clunker based on the Kelly Blue Book fair market value on Schedule A of your form 1040. Things have changed, thanks to those that took advantage of this seemingly straightforward tax break. .
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