What’s the best place to donate your car?
Answered
- What’s the best place to donate your car?, that’ll also get you a refund for it in your taxes next year?
Best answer
You are only entitled to the “fair market value” of your car as a deduction. And, if an audit came, just as any audit where you showed a donation, they would want proof to back you up.
So, no free lunch. And very few people are better off donating a car as opposed to selling it. If its only worth $300,you cant claim $4000.
Well, you can, but for that matter you can fabricate all kind of things on your taxes.
