Car Donation

New Car Tax Deduction

- New Auto Purchase Reduction
To help boost the economy, early on in the year the IRS revealed a new car tax deduction for taxpayers who buy an auto in 2009. The new car tax deduction permits you to take “state and local sales and excise taxes paid on up to $49,500 of [...]

IRS and Car Donation

Vehicle donation is a noble cause since by giving your car you are helping a family in need. Though this is one of the explanations why people think about giving their automobile, maybe the most vital reason is tax benefits.
There’s more that one should know about the IRS vehicle. IRS has established [...]