It’s Tax Season, Here’s One Way to Save If You Have an Old Car!
A car donation is not only a gesture of goodwill and support for a great cause but also a smart move to potentially reduce your tax bill.
Understand Your Tax Liability: Federal Tax Credits, Tax Deductions, and More
What Is a Federal Tax Credit? In its simplest terms, a tax credit is the amount of money a taxpayer can directly subtract from the taxes they owe. Tax credits reduce the taxpayer’s liability dollar for dollar. Similarly to a tax deduction, a tax credit can reduce the amount of tax you are required to […]
How To Get a Tax Deduction With Your Car Donation
There are a few ways for you to donate a car for a tax deduction. The question is, which is the best way?