How Do Tax Deductions Work When Donating a Car?

Описание: Upon selling your vehicle, your donation amount depends on the selling price. If somebody buys your former car or truck for over $500 at one of Eggleston's local auctions, you can deduct 100% of the selling price. Conversely, if your vehicle sells for $500 or lower, the “fair market value” gets deducted up to $500.